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Equity Release Calculators Voluntary Repayment Calculator

Equity release calculator for voluntary repayment plans

*The balance outstanding assumes repayments are made on day one of the following year.
A lifetime mortgage may run for a longer period than the estimated term shown, if so, the loan balance will be correspondingly higher.

How to use the voluntary repayment equity release calculator

To get an idea of how much you could save over the length of your lifetime mortgage by making voluntary payments, you simply need to input a few details.

These are the amount of money you are planning to release. The interest rate of the plan you are considering and finally the amount you want to repay each year (which can be up to 15% of the amount released per year).

Your results show you your mortgage balance across different periods of time when you don’t make any repayments and when you do (based on the % you inputted). So, you can easily see just how much money you could save through making regular repayments.

An introduction to voluntary repayment lifetime mortgages

Voluntary repayment lifetime mortgages are a relatively recent innovation and could provide you with real flexibility in how you manage your equity release plan balance in the future.

That’s because they allow you repay up to 15% of your original balance each year – whenever you want to and have the funds available to do so.

If you are in a position to make some form of monthly, annual or ad-hoc repayment, then the impact on the final amount that has to be repaid when your plan ends will be significant.

Our voluntary repayment calculator gives you good an idea of what these potential savings could be and shows the effect making repayments, or not, has on the future balance.

Want to compare voluntary repayment lifetime mortgages?

If you’d like to research the range of voluntary repayment lifetime mortgages that are currently available, then feel free to use our ‘Compare Deals’ functionality which is only available at Equity Release Supermarket.

You’ll be able to see the plan interest rates and their features from all the lenders across the equity release marketplace.

Call us anytime

Your voluntary repayment equity release calculator results may not be what you were expecting, but it’s important to remember 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 voluntary repayment calculations are only for illustrative purposes and cannot be guaranteed. To understand the features, benefits and risks of a lifetime mortgage, please contact us and ask for your own individual, personalised illustration.