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Equity Release Supermarket Equity Release Calculator Second/Holiday Home Calculator
Second/Holiday Home Calculator
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Equity Release Supermarket Equity Release Calculator Second/Holiday Home Calculator
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Mark Gregory
Checked for accuracy and updated on 26 January 2023

Calculate Equity Release for Second or Holiday Homes



How to use the second or holiday home equity release calculator

To get an estimate of the maximum you could borrow with a second/holiday home lifetime mortgage, simply input:

  • the value of your property (which must be a minimum of £70,000 and in the UK)
  • the age of the youngest homeowner (which must be at least 55)
  • your postcode

This is the criteria that lenders use when deciding how much money you can borrow.

An introduction to second or holiday home lifetime mortgages

If you have a second or holiday home, you could use equity release as a way to raise capital funds. 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.

Like any lifetime mortgage, the money released is tax-free and yours to spend as you wish. There’s a 10% voluntary payment option if you wish to control the future balance of the plan, and 8-year fixed early repayment charges.

While the range of plans for second and holiday homes is not as extensive as it is for main residence equity release, there are still plenty of options to meet your individual needs. These plans also come with competitive rates and flexible features.

Want to compare second or holiday lifetime mortgages?

Research the range of second or holiday home lifetime mortgages currently available using our ‘Compare Deals’ functionality – a tool that’s only available at Equity Release Supermarket.

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

Let’s make it personal

Your second or holiday home equity release calculator results are there to give you an idea of how much money you could release. But they are only a guide. Your local expert adviser is on hand to answer all your questions and find the right plan for you. If you’re ready, why not call them now?



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.