Call us free on
0800 088 5923
Lump Sum Calculator
Adviser logo
Mark Gregory
Checked for accuracy and updated on 31 October 2023

Equity Release Calculator For Lump Sum Lifetime Mortgages

Try our free equity release calculator for lump sum lifetime mortgages

How to use our lump sum equity release calculator

It couldn’t be simpler to use our lump sum calculator for equity release. To get an instant estimate of the maximum you could borrow on a lump sum lifetime mortgage, simply add in the following to our equity release calculator:

  • 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, no further details are required for you to see how much you could release from a lump sum lifetime mortgage. Once you’ve filled in the information, your lump sum 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, our innovative equity release tool that provides real-time calculations across the entire market.

An introduction to lump sum lifetime mortgages

Lump sum lifetime mortgages are a popular type of equity release plan.

They are the simplest type of equity release scheme as they provide a one-off tax-free cash lump sum to spend as you wish. There are typically no monthly repayments to make as the interest accruing ‘rolls up’ and is repaid once the plan ends, along with the initial amount borrowed. This is usually when the last homeowner dies or moves into long term care.

To withdraw any further funds at a later date, you would need to make an additional borrowing request, which may incur a fresh valuation and additional fees.

Because of their simplicity, lump sum lifetime mortgages tend to offer lower interest rates and lenders often allow you to borrow more. Many now come with flexible voluntary payment options. This is ideal if you wish to protect your inheritance, as it allows you to repay between 10%-40% of the original amount borrowed yearly with no penalty.

Lump sum lifetime mortgages could also be the ideal solution if you have ‘big ticket’ plans for your money - such as repaying your mortgage or helping children with a deposit for their first home.

How to compare lump sum lifetime mortgages

Looking to compare lump sum lifetime mortgages? You can research the range of lump sum lifetime mortgages currently available to you using our compare deals functionality – a tool that’s only available at Equity Release Supermarket.

You’ll be able to view all the lump sum lifetime 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 lump sum 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 plan? Take a look at our equity release calculator page to receive an estimate for all your eligible plans.

Let’s make it personal

Your 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 Lifetime Mortgage results shown in your calculation are only for illustrative purposes and cannot be guaranteed. Figures shown are based on a single life. 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.