This tool will help you calculate the estimated amount of equity you can release from your home.
Equity Release Calculator
This equity release calculator helps you estimate the potential amount of money you can release from your property based on its current value, the age of the property, and the percentage of equity you wish to release. Simply fill in the required fields and click on the “Calculate” button to get the result.
How to Use the Calculator
- Enter the current value of your property in pounds (£).
- Enter the age of your property.
- Enter the percentage of equity you want to release.
- Click the “Calculate” button to see the amount of money you can potentially release.
Calculation Method
The calculator works by multiplying the property value by the equity release percentage and dividing by 100 to get the amount of money you can release.
Formula: (Property Value × Equity Release Percentage) / 100 = Equity Release Value
Limitations
Please note that this calculator provides an estimate only. The actual equity release amount may vary based on additional factors such as property condition, market conditions, and lender’s policies. Always seek professional financial advice before making any decisions based on the calculator’s results.
Use Cases for This Calculator
Calculate Maximum Release Amount
Enter your age, property value, and outstanding mortgage to instantly calculate the maximum amount you can release. Our calculator takes into account various factors to provide you with an accurate estimation specific to your situation.
Explore Different Equity Release Options
Use the calculator to compare different equity release options such as lifetime mortgages and home reversion plans. Visualize how much you could release with each option and make an informed decision that suits your needs.
Understand Potential Interest Rates
Get a breakdown of how different interest rates can impact the amount you can release and the overall repayment amount over time. Adjust the interest rate slider to see the real-time changes and plan accordingly.
Estimate Future Property Value Growth
Project your property’s future value with our built-in growth rate feature. See how potential increases in property value can impact the amount you may be able to release in the future, helping you plan ahead.
Determine Early Repayment Charges
Find out how early repayment charges could affect your equity release plan. Understand the costs involved in case you decide to repay the loan early and factor them into your decision-making process.
Calculate Potential Inheritance Impact
Use the calculator to estimate how equity release could impact the inheritance you leave behind. See how releasing equity may reduce the value of your estate and discuss options with your family accordingly.
Adjust Release Amount for Lump Sum vs. Monthly Payments
Decide between receiving a lump sum or monthly payments by adjusting the release amount in the calculator. Compare the impact on your finances and lifestyle to choose the most suitable payment method for your needs.
Plan for Long-Term Care Costs
Explore how releasing equity can help you cover potential long-term care costs in the future. Use the calculator to see how much you may be able to release to secure your financial well-being as you age.
Consider Implications on Means-Tested Benefits
Understand how equity release may affect means-tested benefits you currently receive. Input your benefit details and calculate how releasing equity could impact your eligibility and payments.
Consult with a Financial Advisor Based on Calculator Results
After using the calculator, consider consulting with a financial advisor to discuss your results further. Get personalized advice based on the calculations and ensure you make the best decision for your financial future.