Overview
The amount you could release is mainly based on your age and the value of your home. In most cases, the older you are, the more you may be able to release.
Equity release providers use your age, your property value, and sometimes your health and lifestyle to work out how much they can offer. They will also look at the type of property you own and whether it meets their lending rules.
Most equity release plans are lifetime mortgages. This is a loan secured against your home. You still own your property, and the loan plus interest is usually repaid when the last homeowner passes away or moves into long term care.
Some plans let you take a lump sum. Others offer smaller payments over time, often called drawdown. Drawdown can help reduce interest build up because you only pay interest on the money you have taken.
It is important to remember that any figure you see online is only an estimate. The final amount can change depending on lender criteria, property details, and the plan features you choose.
If you want a quick starting point, you can use our calculator to get an estimate in a couple of minutes.
Use our equity release calculator to get an instant estimate, then contact us for clear, personal advice with no obligation.