Equity Release Calculator
Get a quick estimate of how much tax free cash you could release from your home with our equity release calculator. In just two steps, our calculator can provide the maximum amount you could borrow with no further obligation. For an exact calculation use smartER – the first equity release research tool.
What information does an equity release calculator require?
To find out the maximum equity release lump sum you could borrow, you will need to input the following details into our free equity release calculator as a minimum:
- The value of your property - which must be a minimum of £70,000 and located in England, Wales, Scotland, or Northern Ireland
- The age of the youngest homeowner – the minimum is 55 for a lifetime mortgage, or age 50 for home reversion plans and RIOs
- Your postcode - lenders now offer bespoke interest rates and terms based on the location of your property in the UK
Equity Release Supermarket provide a comprehensive range of 12 equity release calculators online, all of which calculate the maximum amount you could borrow based on the type of equity release plan you are interested in.
The level of detail of each equity release loan calculator varies depending on which calculator is used. For example, our home reversion calculator, requires the percentage of your home you are looking to sell. Our switch plans calculator, on the other hand, requires the interest rate and balance from your existing plan.
Remember, an online equity release calculator is only as accurate as the information you provide. The more detail provided, the more accurate the results. Our smartER research tool is our most accurate equity calculator in the market as it allows you to input the most detailed information which brings the most personalised results.
What will an equity release calculator tell me?
Based on the details you provide, our release equity calculator will assess the maximum lump sum you could release from your property. By taking the youngest age of the homeowner, the property value, and the postcode, our UK equity release calculator determines which of the 700+ equity release plans offer the highest loan-to-value (LTV) for you.
For example, if someone age 65 has a property value of £350,000, the equity release calculator will identify that the maximum LTV is 32%*. In this case, the maximum lump sum result should be £112,000.
*20th April 2023 – Canada Life - Capital Select Platinum Plus Plan
How much equity can I release?
The maximum amount of money you could borrow depends on the type of later life mortgage you are considering.
We have 12 equity release mortgage calculators, each covering a different plan. This lets you find the best equity release rates for lifetime mortgages (our most popular product), home reversion Plans, buy-to-let plans and retirement interest-only (RIO) mortgages.
Each home equity loan calculator has its own formula to determine how much equity you could release from your property.
To learn more about later life lending solutions and maximum loan amounts, head over to our page that details how much equity you could release.
What's the next step after getting my results?
Once you know the amount you can borrow with our online equity release calculator, you can then find out more about the available equity release plans and their interest rates.
Our equity release comparison table compares all four later life options: lifetime mortgages, home reversions, retirement interest-only mortgages and retirement mortgages. Here, you will find all available products listed with eligibility, interest rates, product features and incentives. You can also request a quote for any product you’re interested in to help you understand the impact that interest rates have on your future balance and the residual value of your estate.
Many of our customers are now using our intelligent smartER tool. This free equity release calculator places real-time equity release research in your hands – something that was previously only available to financial advisers. SmartER helps you find the best equity release rates for your personal requirements. It also provides you with a shortlist of plans and tells you exactly how much you could borrow based on your personal information.
Why do we offer 12 different equity release calculators?
We know that not all customers are looking for the same solution to later life lending. To find the best equity release rates, you need a plan that is tailored to your needs.
In our equity release calculator range, you’ll find everything from our standard equity release calculator for interest-only mortgages to our smartER Equity Release Search.
Many of our equity release calculators assess how much you can borrow based on a different type of plan. For example, our enhanced equity release calculatorconsiders a person with poor health and therefore offers a higher maximum lump sum than a standard calculator.
We also understand customers want to use tools to assess the impact equity release could have on their, and their beneficiary’s, future. Therefore, our three analysis equity calculators help you build an understanding of how releasing tax free cash could be flexed to suit your requirements. This includes our lender-specific, switch plans, and remaining equity calculators.
Finally, our intelligent smartER tool helps you conduct your equity release research in your own time to find the exact plans that you are eligible for – including the specific amount providers will lend and the interest rate offered.
To find the best equity release calculator, choose the option that best meets your requirements, below.