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EQUITY RELEASE
CALCULATOR
No personal details required

Find out how much you could raise with an equity release lifetime mortgage

Our easy to use calculator will help you to quickly see how much you could raise based on the value of your home.

Using our lifetime mortgage equity release calculator

All you need to do is enter the estimated value of your property, along with your age and whether it’s a joint or single application and our calculator will work out how much you could raise.  You’ll also be asked for the amount outstanding on any existing lending against the property such as a mortgage as this will affect the amount of equity that you can release.  Finally you’ll be asked what type of property that you want to release equity from.

The calculator will then show you how much you could raise on either a

  • Roll-up mortgage
  • Interest only mortgage

The results are instant, and you can see straight away the maximum amount of equity that you can release. 

Lenders will vary but as independent brokers we will always look for the best deal possible for you to suit your needs.

Unlike other equity release calculators, you do not need to tell us your personal contact details in order to obtain your results, which are instant.

EQUITY RELEASE CALCULATION

Based on the information you have given us, you have the following option.

Your Home
Rollup Interest
You can raise
£
You have indicated that there is no mortgage balance or other charges on the property.
EQUITY RELEASE CALCULATION

Based on the information you have given us, you have the following option.

INTEREST ONLY
Holiday / Second Home
You can raise
£0
You have indicated that there is no mortgage balance or other charges on the property.
EQUITY RELEASE CALCULATION

Based on the information you have given us, you have the following option.

INTEREST ONLY
Buy to Let
You can raise
£0
You have indicated that there is no mortgage balance or other charges on the property.
EQUITY RELEASE QUOTE

Please complete your details for a more detailed quote.

Single Applicant
Joint Applicants
Age:
Applicant 1 - Age:
Applicant 2 - Age:
£ Property Value:
Property Type:
£0 Mortgage Balance:
£0 Other Charges:
Overall Health:
Applicant 1 - Health:
Applicant 2 - Health:

Equity Release Lifetime Mortgage Calculator - no personal contact details required

Why use our equity release lifetime mortgage calculator?

  • Its fast, easy to use and the results are displayed instantly.
  • We don’t ask for any personal details other than your age and we don’t capture any information that you enter. Afterall, we’re not sales people, we’re finance specialists.

Step by step guide to using our lifetime mortgage equity release calculator

1. Enter your age - you will need to be at least 55 to be eligible for equity release.

2. State of health - enter whether you consider yourself to be in good or poor health for your age.

3. Enter whether this is a single or joint application - if applying just in your name then it’s a single application but if you want the application in both yours and someone else’s name then it’s a joint application.  To take out a joint application you need to be either married, in a civil partnership or in a long term relationship where you live together.  With a joint application if one of you passes away or moves into long term care the other partner can remain in the property.

4. Age of applicant 2 - if this is a joint application you will then be asked for the age of your partner.  Both applicants must be over 55 to be eligible and the calculations will be based on the age of the youngest partner.

5. State of health of applicant 2 - if this is a joint application you will then be asked whether they are in good or poor health for their age.

6. Property value - this needs to be the open-market value of the property if it were sold today.

7. Property type - the type of property will affect the amount of equity that you can release.  Enter whether this is your main home, a second / holiday home, or a buy to let investment property.

Criteria for a second / holiday home

To qualify as a second / holiday home the property must:

  • Be available only for the occupancy of the owner
  • Only let out for a maximum of 4 weeks at a time
  • Be occupied by the owner for a minimum of 4 weeks during the year

Criteria for a buy to let / investment property

To qualify as a buy to let the property must:

  • Not be occupied by the owner at any time
  • Be let out with an Assured Shorthold Tenancy agreement

8. Mortgage balance - enter the outstanding amount of any existing mortgage that you currently have on your property.

9. Other charges - enter the details of any other outstanding loans that you have secured against your property.  This could be a secured loan, a bridging loan, or a business loan.  You should also enter details of any other debts secured against your property such as mortgage arears or credit card debt.

We do not ask for your contact details in order to provide your results.

The calculator results explained

Once you click the calculate button you will instantly see details of the option available to you. 

If you are releasing equity from your own home you will see how much you could raise with a roll-up interest lifetime mortgage.

If you are releasing equity from a second / holiday home or a buy to let property you will see how much you could raise with an interest only lifetime mortgage.

Roll-up Interest - Under a roll-up interest plan you won’t need to make any monthly payments for the duration of the loan.  The interest will be added to original loan amount, normally on an annual basis.  Unless you repay the loan early, the interest that has accrued, along with the original loan amount, will be deducted from the sale of the house when you either pass away or go into long term care.

Interest Only - Under an interest only plan you can payback all or a proportion of the interest each month.  This will reduce the overall cost of the loan as the interest won’t build up each month on a compound basis.  If you pay the full amount of the interest each month the repayment at the end of the loan term will just be for the original loan amount.

In addiation the calculator will work out:

  • How much of the equity released will be left after any outstanding mortgage or secured debts have been cleared

Or

  • How much additional funds ( on top of the equity released) would be required to clear any outstanding mortgage or secured debts.