Equity Release Calculator

Equity Release

People over 55 often have little or no outstanding mortgage and lots of value tied up in their homes. Many others have interest-only mortgages and no way of repaying the capital. Equity Release can help people in either of these situations.

  • Equity Release could be a way for your to release cash from your home without having to move out
  • The Tax free cash can be released as a lump sum, as an income or as a combination of both
  • Once any mortgage is paid off the cash released is yours to spend as you wish
  • You do not have to make monthly payments, but some providers give the option
  • All Equity Release Plans are regulated by the Financial Conduct Authority (FCA)
  • Recommended plans offered comply with the Equity Release Council Code of Conduct

What can Equity Release be used for?

  • Home improvements
  • Increasing retirement income
  • Holidays/Holiday Homes
  • Buying a new car
  • Helping the family
  • Pay for an operation
  • Gifting to children
  • Inheritance tax planning
  • Health care
  • Long term care in your home
  • Debt consolidation
  • Repay existing mortgage

Who is Eligible for Equity Release?

If you satisfy all of these requirements you qualify for equity release;

  • Are 55 or over
  • Own your own home
  • Have little or no mortgage

If that’s you, try our Equity Release Calculator to find out how much you equity you could release from your property.