Is This an Accurate Calculation?
Our equity release calculator estimates the maximum loan you may be able to receive.
For accuracy, a fact-find will need to be completed by an authorised advisor.
We take pride in our awareness of our industry and will advise when an offer is likely to be rejected by a lender.
- The property type can have an effect due to the increased difficulty of valuation properties of non-standard construction or those worth over £1m.
- We advise on the type of equity release product needed. We only advise on lifetime mortgages.
- The maximum loan may only be obtainable at a higher interest rate. It may be advisable to release a smaller sum.
- An enhanced lifetime mortgage may be available to those with severe health conditions. These products may have a higher maximum loan or preferential rate.
- Different circumstances – (e.g. Pandemics are likely to affect lenders’ criteria).
- Products and Rates change over time.
Am I Eligible for Equity Release?
You’re likely to be eligible for an equity release plan if you can answer ‘Yes’ to the following questions.
Not sure about these questions?
Request a callback and arrange a no-obligation call from one of our equity release specialists.
Things to know
- You Need Financial Advice – Equity release plans require advice and are regulated by the FCA.
- Inheritance – Equity release can affect the estate you’ll leave behind.
- Roll Up Interest – With most plans, interest is rolled up and will compound over time.
- Benefits – Equity release can affect any means-tested benefits you receive.
- Long-term commitment – An equity release mortgage lasts for your lifetime, or when you enter long term care – there are early repayment fees which can be high.
