Equity Release Calculator

How much tax-free cash could you release?

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Use our equity release calculator above to discover how much tax-free cash might be locked-up in the value of your home.

If want to find out more about the topic, and how Advice For Later Life can help, please read on for a quick introduction…

What is Equity Release?

Equity release, also known as a Lifetime Mortgage, allows homeowners aged 55 or older to unlock some of the cash tied up in their home. Equity is the difference between your property’s value and any outstanding loans (such as a mortgage) secured against it.

Most lifetime mortgages can be paid as a lump sum or in drawdown stages. Best of all, any funds released are tax-free and can be used however you like.

Unlike a standard mortgage, you don’t need to make any interest or capital repayments during your lifetime. Therefore you don’t need an income to qualify.

You can, however, chose to make repayments and these can be made on a regular or ad hoc basis.

What can I use a Lifetime Mortgage for?

Equity release provides tax-free cash or income to help support you financially throughout retirement. You have the freedom to spend the proceeds on anything to make life more enjoyable.

There are many uses for equity release and many reasons people choose to take out a lifetime mortgage. You can do with the money as you wish, including:

  • Carry out the home and garden improvements you have been wanting for years.
  • Eliminate the stress of large mortgage payments by paying off your existing mortgage. This could increase your disposable income and make life more enjoyable.
  • Help your loved ones financially. It can be used to pay tuition fees, living expenses, contribute to a home deposit or finance a wedding.
  • Live life to its fullest and help you achieve your lifelong dreams. You can buy that car or caravan you have always desired. Go on the dream holiday.

Do whatever you want with the money!

Get your free quote now

About Us

We are Advice For Later Life, a family business with advisers in Sussex, Surrey and London. We specialise in helping homeowners throughout England enjoy a more comfortable retirement.

Why Advice for Later Life?

We’re fully qualified specialists in later life lending – unlike some mortgage brokers who just do equity release advice as an after-thought. We have a wealth of experience and knowledge, and we offer independent advice.

As equity release brokers, our independence means we can compare the market for lifetime mortgages. We often have access to special deals or new products before they are available to the wider market. We will search through hundreds of options to ensure we find a deal that suits you.

We are members of the Equity Release Council, which proves our commitment to giving you correct and impartial advice.

Finally, we are friendly and helpful. We will take the time to get to know you and make sure we answer any questions you may have.

Good To Know:

We are members of the Equity Release Council. This means we are committed to upholding the highest industry standards and will only recommend equity release products if they are suitable for you.

  • We offer free initial consultations with one of our friendly advisers
  • You will continue to own your own home and can remain there for as long as you wish, as long as it remains your main residence
  • ‘No Negative Equity’ Guarantee — you and your family will never owe more than the value of your home
  • Your entitlement to some state benefits may be affected. We will check this and discuss any implications with you as part of our advice service
  • The value of your estate will be reduced and will affect the amount your family can inherit
  • You will receive independent legal advice from a solicitor of your choice

How to find out more

Try our Equity Release Calculator — it’s free and only takes a minute.

We will provide you with an estimate of what you may be able to release based on your age, the value of your home and the lifetime mortgage rates available today.

Alternatively, feel free to speak to an adviser if you wish to ask initial questions or discuss equity release without obligation.

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. A fee may be charged for equity release advice. The exact amount will depend on your circumstances.

Our calculators are for illustrative purposes only.

How much could your release?