Try the calculator below to see how much money you could get in less than 1 minute

Equity Release Mortgage Calculator in 2021

Equity release is a special system that makes it possible for older homeowners to extract some of the cash that is locked up in their property.

Instead of having to sell a Equity Release Mortgage Calculatorbeloved home or resort to a second mortgage, people can receive money when they need it most while still remaining in their home and without diminishing its value.

Of course, the amount of money that each person is able to receive will be different, which is why it is essential to use an equity release calculator interest.

Read on to find out more about how does equity release work and whether using an equity release calculator in the UK could be right for you.

How Does Equity Release Work?

These days, equity release has become very popular as there is a large number of equity release lenders who offer homeowners aged 55+ the chance to transform the equity that has built up on their property into tax-free cash. The equity is the difference between the fair market value of the property and the outstanding balance of any loans, mortgages or other charges.

Will I Have to Sell My House?

One of the great things about release calculator cost is that people who take advantage of this offer still completely own their property. The deeds of the property will remain in their name and the individual will be able to stay in the property for the rest of their life if they wish. This can help to offset the uncertainty of a home reversion plan and provide recipients with pure peace of mind.

How Does Equity Release Calculator in the UK Work?

An equity release scheme is also sometimes referred to as a lifetime mortgage and there are no set terms, while interest is not usually due to be paid until the recipient dies or moves out of their property. The interest rate is fixed during the entire life of the loan, which provides borrowers with a large amount of security.

How Much Does Equity Release Calculator Cost?

The actual calculator is completely free to use and most people receive the results almost instantly. The average loan rate is currently 5.35pc, although it can vary from 6pc to 4.5pc.

What is the Usual Equity Release Calculator Interest?

This will depend on a number of factors, with the most important being the actual value of the property. Another important factor is how much the property isEquity release calculator interest mortgaged for, followed by if there are any other fees to be paid such as secured loans. The easiest way to find the exact figure is to use a free equity release calculator.

Is an Equity Release Repayment Calculator Easy to Use?

Most people find that the process is very quick and easy. users simply need to enter specific details such as the value of their property and any loans, mortgages or other funds they have received related to the value of their property into the calculator and they will receive information on how much they could receive.

However, people who find the process overwhelming could contact an equity mortgage agent directly.

What Can I Do with Cash Released by a Free Equity Release Calculator?

People who receive cash due to using an equity release calculator are free to use the money in any way they choose. These days, many people are using equity release to pay for care costs when they or their partner becomes sick. This money can also be used to take a much-needed holiday such as a cruise after retiring from work.

Can I Pay Off a Lifetime Mortgage?

People who have a lifetime mortgage can use the money they receive from the equity on their home to pay it off. For many people, this can relieve the burden significantly and help them to become free from debt. Of course, all circumstances are different, so it is important to look into this issue closely.

Why Use An Equity Release Repayment Calculator?

Unlike traditional mortgages, which usually come with a large number of terms and conditions, equity release mortgages are much more straight forward and easier to understand. The amount that needs to be repaid remains fixed, which removes the uncertainty from borrowing money.

In addition, users will never have to pay back any of the cash while they remain in their home.

Are There Different Types of Equity Release Calculator Online?

There are three main types of equity release calculators to choose from, namely a lifetime mortgage calculator, an interest only mortgage calculator and a home reversion calculator. It is a good idea to look closely at all the different options and see which one most closely matches your specific needs.

How Can I Receive My Cash?

People who agree to an equity release mortgage can choose to receive all of their cash in a single payment, to set up a special account or opt for a mixture of the two options. People who need a large amount of money in a hurry for some reason may prefer the first option.

For other people, having an account where they can see how much money they have to draw on has its advantages, although most people tend to choose the third option.

Is It Safe to Use An Equity Release Calculator Online?

Special software is used to make sure that the information supplied by users is protected at all times. The creators of these calculators and their agents ensure that they will not pass on information to any third party.

Therefore, this type of online calculator is extremely safe and secure and people can use it with confidence. The specific details of the equity release calculator cost will also be kept private.

Can I Get Help Using a Free Equity Release Calculator?

People who find that they require a little extra assistance will find that there are plenty of dedicated agents who can talk them through the process. Those who have diminished eyesight or are not familiar with technology may find that it is best to meet an agent in person so that they can guide them more easily.

Of course, it is always a good idea to get a second opinion to make sure you are getting a good deal.

Try the equity release calculator below and see how much money you can get out of your house. I think you will be surprised at what you could get……tax-free!

Summary of this page

1 - What is an equity release calculator

An equity release calculator will tell you how much money you could receive as a tax-free lump sum. The amount is usually dependant on your age and the value of your house.

2 - What sort of interest rates are applied to equity release mortgages?

Interest rates vary and can be anywhere between 3% and 7%. You can call us on 0800 953 3792 and get information on the latest deals, as they can change every day.

3 - Is the money from equity release tax-free?

Yes, the money you receive is tax-free. However, if you are in receipt of means-tested benefits then these can be impacted. You can contact us on 0800 953 3792 and see if you would be impacted.

4 - What can you use the money from equity release for?

The money from equity release can be used for a variety of things. Typically it is used to pay for long term care, modify your home to help with later life living or even to treat yourself to a holiday of a lifetime and help your family financially.

5 - What are the different types of equity release mortgage?

The most popular type is called a lifetime mortgage. If you are over 65 then a home reversion plan might be a better option, Get in touch with us and we will be able to tell you what we think would be best for you.


Reductions in interest rates mean that there are some great equity release deals available today. Speak to a specialist.

We can contact you

0333 567 1607



With reductions in interest rates there are some really good equity release deals available.  The cheapest that we have seen in over 10 years!  Contact us for free, in conjunction with Key Advice, to see what you could get.

You can speak to us on the number below and see what today's deals are or just have your questions answered.

0333 567 1607

Use our equity release calculator and see how much money you could receive.

You can book an appointment for a specialist to call you when it's conveniant for you

All equity release advice is provided in conjunction with Key Partnerships.

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