About you and your home
Your estimate
What might it look like over time?
| After | Home value | Amount owed | Equity left |
|---|
"Amount owed" is shown for interest at 6.5% and 7.2% a year, with no monthly payments. Interest adds to the loan and is itself charged interest, so the amount owed can grow quickly.
What you'll see
- A range showing roughly how much cash might be available
- How the loan could grow and what could be left for your family
- Clear, cautious assumptions with nothing hidden
How this estimate works
This calculator gives a general illustration only. It is not a quote, an offer or a personal recommendation, and it isn't advice.
- The amount that could be released depends on the age of the youngest applicant and the value of the home. The older you are, the more may be available.
- It shows a range because lenders differ. Your actual offer depends on the lender, the plan, your property and your circumstances.
- Interest is shown at 6.5% and 7.2% a year. Real rates vary and can be lower or higher.
- House prices are assumed to grow by 2.5% a year. Property values can also fall, and there's no guarantee they'll rise.
- Fees and other costs are not included in these figures.
Before you decide
Equity release is a big decision. It will reduce the value of your estate and may affect your entitlement to means-tested benefits. Equity Release Council members offer a no negative equity guarantee, so you can never owe more than your home is worth.
To find out what's right for you, talk it through with an adviser first. The initial conversation is free and there's no obligation.
Talk to David