Equity Release Calculator For Second/Holiday Home Mortgages

Mark Gregory

Checked for accuracy and updated on 14 April 2025

These plans are temporarily unavailable - the information below provides guidance in the meantime.

Free equity release calculator for second/holiday home mortgages

How to use our second/holiday home equity release calculator

It couldn't be simpler to use our second/holiday home calculator for equity release. To get an instant estimate of the maximum you could borrow on a second/holiday home mortgage, simply add in the following to our equity release calculator below:

• The value of your property (this must be a minimum of £70,000 and in the UK)
• The age of the youngest homeowner (they must be at least 55 years old)
• Your postcode

With our equity release calculators, only your property details are required for you to see how much you could release from a second/holiday home mortgage. Once you’ve filled in the information, your second/holiday home equity release calculator results are shown instantly in an easy-to-read table.

You can also find personalised calculations for all other eligible equity release plans when you use smartER, an innovative equity release tool that provides real-time calculations across the entire market.

An introduction to second/holiday home mortgages

If you have a second or holiday home property, you could use equity release as a way to raise capital funds for yourself and your loved ones. To qualify, you must use the property for a least 4 weeks of the year and can only let it out for a maximum of 4 weeks at a time.

These specialist plans are designed to help homeowners access money tied up in the value of their second property. Where homeowners are reluctant to secure anything against their main residence, equity can be released against a second/holiday home instead.

Our specialist second/holiday home equity release plans are designed to help homeowners access money tied up in the value of their second property. This works particularly well for homeowners who may be reluctant to secure anything against their main residence but would prefer to release equity against a second/holiday home instead.

Like any lifetime mortgage, the money released is tax-free and yours to spend as you wish. There is also a 10% voluntary payment option if you wish to control the future balance of your plan, and fixed early repayment charges.

How to compare second/holiday home mortgages

Here at Equity Release Supermarket, we want to help you compare second/holiday home mortgages so you can always get the best possible deal.

To research the range of second/holiday home lifetime mortgages currently available to you, simply use our compare deals functionality – a tool that’s only available at Equity Release Supermarket.

Here, you’ll be able to view the available second/holiday home mortgage interest rates, along with their features and any offers from all lenders across the equity release marketplace. Alternatively, try our free intelligent smartER equity release research tool, which allows you to conduct your own research on second/holiday home plans across the whole of the later life market.

Looking to see how much you could release from your property with a different equity release lifetime mortgage? Take a look at our equity release calculator page to receive an estimate for all your eligible plans.

The Lifetime Mortgage results shown in your calculation are only for illustrative purposes and cannot be guaranteed. This is because interest rates are subject to change and can depend on your location and the amount of capital you need to fulfil your personal circumstances. To understand the features, benefits and risks of a lifetime mortgage, please contact us and ask for your own individual, personalised illustration.