If you are debating whether or not an equity release scheme is right for you, it is important to know the maximum amount that might be available to you. This is the primary way you can determine if adequate equity can be released from your property and subsequently used as a retirement tool. Our online calculator can help you better understand how much equity you may be able to release from your property and if it is sufficient for achieving your retirement goals.

Our online equity release calculator is free to use and will showcase a number of results and options for you. Once you have a better understanding of the maximum equity release available to you, you can start further research.

The maximum amount available to you will depend on various factors. These include your age, or if borrowing jointly, the age of the youngest borrower as well as the property valuation, any outstanding loan or mortgage balance, and the homeowners’ health records. You must be at least 55 years old to take advantage of a lifetime mortgage scheme and your property must have a minimum valuation of £70,000. Health records are crucial if you are hoping to take advantage of an enhanced product, which is available to those homeowners who are either in poor health or lead a particularly unhealthy lifestyle. These factors will all give you an idea of the maximum equity release amount available to you. That does not mean that it is always in your best interest to take the maximum amount. Speaking with a specialist can help you make the best decision for your particular circumstance.

Our equity release calculator will show you a variety of options, including various types of lifetime mortgage schemes. This is essentially a 3-in-1 calculator as it displays lump sum roll-up lifetime mortgages, interest only lifetime mortgages and enhanced lifetime mortgages. For the standard plan, you will see results that showcase the maximum amount available for release from a roll-up or voluntary repayment scheme. For the Enhanced plan results, you will see options for a lifetime mortgage that takes into account poor health or chronic health conditions. Finally, for the interest-only results, you will see information calculated from those plans that offer interest-only lifetime mortgages without requiring any proof of income. These results will also display options that include regular monthly payments and the option to switch over to an interest roll-up plan in the future.