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Equity Release Supermarket Equity Release Calculator Voluntary Repayment Calculator
Voluntary Repayment Calculator
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Equity Release Supermarket Equity Release Calculator Voluntary Repayment Calculator

Equity Release Voluntary Repayment

*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 payment equity release calculator

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

These include:

  • the amount of money you are planning to release
  • the interest rate of the plan you are considering
  • the amount you want to repay each year - this amount can be anywhere from 10% up to a maximum of 40% of the original amount borrowed each year

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

Your results illustrate your mortgage balance across different periods of time - when you don’t make any repayments, and when you do (based on the % you inputted). This means you can easily see just how much money you could save through the lifetime of your plan by making regular voluntary payments.

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 anywhere from 10% to 40% of your original balance each year. This can be done whenever you choose, so long as you have the funds available to do so.

If you’re able to make some form of monthly, annual or ad-hoc repayment, the final amount that has to be repaid when your plan ends will be significantly lower.

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

Want to compare voluntary repayment lifetime mortgages?

Research the range of voluntary repayment lifetime mortgages currently available, using our ‘Compare Equity Release Deals’ functionality – a tool that’s only available at Equity Release Supermarket.

You’ll be able to see the voluntary payment plan interest rates, along with their features and any offers from lenders across the equity release marketplace. Alternatively, try our free intelligent smartER research tool smartER research tool which allows you to conduct your own research on voluntary payment plans across the whole of the later life market.

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.