Equity Release Calculator

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Later Life Finance are experts in calculating figures on equity release lifetime mortgages, later life mortgages and retirement interest only solutions.

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Author Paul Murphy, Later Life Finance -Updated December 2023

Free Equity release calculator

Our experts have access to market leading free equity release calculators to get the best results and provide you with the key information required, for example, whether are you planning to make voluntary repayments with a lifetime mortgage, and the effect this will have on your borrowing.

In this article we will explore the best equity release calculator to use and how to find the best equity release company with our expert broker service.

The next step is speaking with our qualified advisers to understand which equity release interest rate, plan and lender suit your specific requirements, such as current and longer-term plans.

We’ll explore various types of calculators, the factors that affect calculations, and the importance of seeking independent advice when navigating the world of equity release.

So let’s dive in and discover how to get an accurate estimate with our free equity release calculator.

How do you calculate equity release?

To calculate the maximum funds available with an equity release lifetime mortgage, lenders use the age of the youngest homeowner and the property value.

From age 55 you could release a maximum of 22.25% of your property value.

This increases each year by 1%, up to a maximum of 49.5%.

Our equity release calculator shows you how much equity you could release with a lifetime mortgage, the most popular form of equity release in the UK.

We’ll ask you for your details so we can send you your calculation. You may also receive a call from our experts to answer any questions you may have.

Mortgages in later life are becoming more flexible and popular than ever before, which is due to the level of demand for borrowing in later life.

As an FCA authorised broker, and a member of the equity release council, Later Life Finance are able to review all equity release providers, companies, schemes and plans to source and calculate the best deal for your requirements.

Equity Release Calculator Overview

Equity release calculators provide an estimate of the money available from a property, considering factors such as age, health and lifestyle.
Our simple, free equity release calculators provide access to instant figures. If you want calculations without providing your personal details simply email advice@later-life-finance.co.uk or book a free call back for assistance and we will help you.
Equity release mortgage calculators provide lifetime mortgage calculations to help understand your options with percentages of lending available on these later life mortgages.
Compound interest and lifetime mortgage calculators are useful tools for financial planning decisions for homeowners in the United Kingdom.
Can I release more money on an existing equity release calculator? Possibly, yes. Speak to our experts for a full market review.
It is important to understand fees associated with equity release products before committing to one. Our equity release repayment calculator provides a projection of interest payments and equity remaining based on the payments you choose to make.
Later Life Finance provide a lifetime mortgage broker service to ensure you secure the best terms for your requirements, along with free and simple equity release calculations.

How To Calculate Equity Release

When considering how to calculate equity release, we use various tools in estimating the amount of money you can release from your property based on factors including age and property value.

There are several types of equity release calculators available to suit different products, each designed to help you navigate the complexities of taking equity release, lifetime mortgages, equity release interest rates, and other aspects of the equity release process.

Later Life Finance use advanced interest projection tools to help you forecast how much equity you will have in the years to come. This article will help explain the options in greater detail to guide you through the concept.

We can show you the effect of making voluntary repayments on your equity to show how much interest you will pay, and importantly, how much compound interest you will avoid by making repayments.

With these calculators, you can gain a better understanding of your options, ensuring that you make the most informed choice possible.

Equity Release for second or holiday homes

If you are considering releasing equity to buy a second or holiday home, an equity release calculator can help you determine how much money you could potentially access. With our equity release calculator, you can input details such as the current value of your property and your age to get an estimate of the amount you could release. This can be particularly useful if you are looking to free up funds to enjoy your retirement or finance any home improvements.

By using an equity release calculator for your second or holiday home, you can have a better understanding of your options without having to commit to anything. It allows you to explore the potential release of funds without the need for a face-to-face appointment with an advisor. However, it’s important to note that an equity release calculator provides an estimate and the actual amount you could release may vary depending on factors such as your health, the location of your property, and current market conditions.

Using Our Free Equity Release Calculator

Our free equity release calculators serve as valuable tools in estimating the amount of money you can release from your property based on factors like age and property value.

With these calculators, you can gain a better understanding of your options, ensuring that you make the most informed choice possible.

Equity Release No Personal Details

Calculating your equity release without personal details has never been easier. Our equity release calculator allows you to input basic information such as your age, property value, and mortgage balance to generate an estimate. This way, you can get a rough idea of how much equity you could release without having to disclose sensitive information. You can rest assured that your privacy is maintained throughout the process, giving you peace of mind while exploring the potential benefits of equity release

Equity Release Calculator: No Personal Details Needed

Are you considering equity release but hesitant to share your personal information? With our equity release calculator, you can get an estimate of how much you could release from your property without providing any personal details. Our calculator lets you explore your options privately and provides you with an instant figure to help you make an informed decision.

Using An Equity Release Repayment Calculator: Reducing Compound Interest

Equity release repayment calculators allow you to calculate how much compound interest you will save by making regular repayments to your lifetime mortgage.

By providing the option of making voluntary repayments, this can help reduce the effect of compound interest and preserve more equity in your home.

Later Life Finance have access to market leading equity release repayment calculators and research tools to help you calculate how much money you can save by making payments to your lifetime mortgage.

Equity Release Calculator Interest

An equity release calculator can be a valuable tool when considering the interest rates associated with unlocking the equity in your home.

By using our equity release calculator, you can access expert advice on the interest that will be charged based on the amount you wish to release, detailed projections and voluntary repayment figures.

Our research tools allow us to calculate the best interest rate, scheme and provider to meet your requirements.

For example, you may decide to make voluntary repayments to reduce the compound interest effect, and to preserve more equity in your home.

Homeowners are increasingly choosing to make regular repayments to their lifetime mortgages.

Later Life Finance have equity release interest rate calculators, interest projection tools and software which provides detailed forecasts to help you understand the effect of the borrowing, repayments and also any house price changes over the years.

An Equity Release Interest Calculator: Learning What You Will Repay

Our Equity release interest calculator and research tools allow us to calculate your overall interest costs, along with any voluntary repayments to reduce the compound interest effect, which will preserve more equity in your home, and decide how much monthly or regular interest payments you could afford to make.

Later Life Finance use state of the art equity release interest calculators, interest projection tools and specialist software, which provides detailed forecasts to help you understand the effect of the borrowing, any repayments and also any house price changes over the years.

Equity Release Mortgage calculator: Finding The Best Remortgage Deal

Equity release mortgage calculators provide homeowners with the facility to calculate how much equity you can release via lifetime mortgages.

These later life mortgages are more flexible and provide the over 55’s with the facilities to raise tax free cash from the home without any mandatory monthly repayments, but still providing the option of voluntary repayments which can help reduce the effect of compound interest.

Later Life Finance have access to market leading equity release mortgage calculators and research tools which provide figures based on age, health and property value.

Equity release compound interest calculator uk

An equity release compound interest calculator can be a helpful tool for homeowners in the UK who are considering equity release as a means of unlocking the value in their property.

This calculator takes into account the compound interest that is applied to the loan and provides an estimate of the total amount that will need to be repaid over time.

By using an equity release compound interest calculator in the UK, homeowners can have a better understanding of how their loan will accumulate interest and plan accordingly.

When exploring equity release options in the UK, it is important to consider the long-term implications of compound interest on the loan.

The equity release compound interest calculator provides a way for homeowners to see how the interest will be compounded as the loan progresses, giving them a clearer picture of the potential costs involved.

By entering the necessary information into the calculator, such as property value, age, and loan amount, our expert advisers will also provide detailed projections baed on any planned interest payments made towards the mortgage.

Which Is The Best Equity Release Calculator?

To help you understand all your options, an independent, whole of market broker can provide the best equity release calculators to assist you in your research process and to help you navigate the various options involved with releasing equity from your home.

Later Life Finance are a reputable broker, we will review each lender and scheme to ensure you access the best equity release deals, with detailed calculations for interest costs and any planned repayments you intend to make.

Answering the question of which is the best equity release calculator lies in the level of research your adviser will carry out for you.

You can calculate the overall interest (and repayments made), in order to provide detailed projections, which will show you how much interest you will pay back, how much equity you will retain and any the effect of any house price inflation.

Of course, we can only estimate this factor, but it’s a point to consider when calculating how much equity may be remaining based on all these factors in combination.

Very good

Michael Dilucia

08/07/2023

My equity release application had been rejected 3 times when I was referred to Peter at Later Life. He was extremely thorough, patient, friendly, and knowledgeable. He helped us with every step of the application and explained everything clearly and patiently. We finally succeeded in getting the equity release we wanted. I cannot recommend them highly enough. Their service goes above and beyond. Very happy customers!

Sherry Izadi

08/07/2023

Paul has been a rock throughout the most traumatic time of my life. His patience has been endless as I was clueless about my financial complications after the death of my husband. I recommend his services to anyone out there needing his advice and guidance.

Hazel Franklin

20/10/2022

Paul Murphy was superb in sourcing and arranging my lifetime mortgage and his professionalism was second to none. I would recommend him without reservation.

Tony Holloway

31/03/2022

Paul did a first class job helping me secure a great rate for my equity release proposition. I like the idea of equity release but at the right rate Paul was competitive and at the expense of his own commission made it happen. I really felt I was the focus not him. The big firms with the fancy marketing were almost twice as much in terms of all- important compound interest. I highly recommend Paul, he works for you, not 'them'. I also felt safe with the solicitors he recommended, they too sent a first class guy who was a pleasure to work with. Equity release is not cheap, it's vital that people like Paul work for your best interest (pun intended). What price can you place on the latter peace of mind having financial security brings. Highly delighted.

Mike Murray

31/03/2022

We have used Paul's services twice in just over a year. Initially it was to change provider as better interes rates were available. On the annual review it transpired that no early repayment charges would be levied. Being a Yorkshire man l searched for best rates, providers and advisors and it was back to Paul. I have no loyalty where money is concerned but transparency, knowledge and reliability are paramount. That's exactly what we got. Good service, excellent communication, expedience and saved money. Second time around not even a direct fee to pay for the service. Another provider did come up with an option however their fees were somewhat prohibitive, when l brought this to their attention they offered to slash the fee. Not good practice. So after all the waffle. I have no reservations in recommending Paul's services.

Anthony Grey

08/09/2021

We had reservations about Equity Release plans and approached a number of leading companies. Glad we settled with Paul Murphy and Responsible Life. He was patient and personable and guided us through the process. We received a most professional service, never felt under pressure. The plan is now in place. Excellent communications throughout. No hesitation, would highly recommend Paul. Jw.

Jeffrey Wade

07/01/2021

A truely excellent service from Paul. From the moment we made contact with Paul he provided clear balanced advice supported by any documentation we asked for. We researched the market at the same time, independently, and it was evident Paul was offering a very competitive product that met our needs exactly. Paul’s speed of communication was outstanding, by e mail or phone, and we literally had replies within minutes. An extremely professional and friendly service and we were delighted Paul secured the deal we wanted. We wouldn’t hesitate to recommend Paul’s expertise, advice and resultant product suggestions to anyone considering these financial products. Thank you!!

Priors Bob

26/12/2020

Brilliant service from this company! Paul was so helpful all through the process and made everything so simple to understand! Thank you Paul, you are a star! Would definitely recommend!

Alice Froggatt

08/11/2019

Aviva Equity Release Calculator

Aviva are a large equity release lender and offer popular solutions for homeowners in the United Kingdom, however their equity release calculator will only provide figures from one lender, whereas dealing with a broker provides access and comparison to the whole market, including Aviva’s equity release plans.

Which company provides the best home equity release calculator?

An independent, whole of market broker can provide the best home equity release calculators to assist you in your research process and to help you navigate the various options involved with releasing equity from your home.

Calculating figures from the top equity release providers

Later Life Finance have access to the whole equity release market and compare the top 10 equity release companies, schemes and rates to find you the most competitive deal available.

We will then provide detailed illustrations to show you exactly how much interest you will accrue and how you can reduce this effect with voluntary repayments.

Equity release percentage by age

When it comes to equity release, the percentage of equity that can be released is determined by the age of the homeowner.

Generally, the older the homeowner, the higher the percentage they can release. This is because older homeowners are seen as having a shorter life expectancy and therefore a shorter period of time in which to repay the loan. As a result, they are able to release a larger percentage of their home’s value, providing them with more money to use as they wish.

If you’re a homeowner aged 55 or over, you may be able to release between 23% and 50% of the value of your home using an equity release lifetime mortgage.

While those in their late 70s or 80s could potentially release up to 50% or more.

We explore the points to consider further in the article below.

However, it’s important to note that the exact percentage will vary depending on factors such as the homeowner’s health, the value of the property, and the chosen equity release plan. It’s always advisable to seek professional advice to understand the specific equity release options and percentages available based on individual circumstances.

Home reversion calculator: What percentage will You receive?

For homeowners in the United Kingdom, the percentage of a home reversion plan is typically between 20% and 60% of the market value of your home.

For this reason, home reversion plans are less popular than lifetime mortgages for homeowners calculating their equity, as a lifetime mortgage enables you to retain 100% home ownership for life

Factors affecting calculations

When using an equity release calculator, it’s important to consider factors that can affect the amount of money you can release. These factors include:

Your age
Property value
Health
Lifestyle

Equity release lenders offer various different rates and terms, which is why it’s critical to compare your options and understand how these factors can influence the final amount you receive from equity release.

It’s important to take the time to research and compare different equity release lenders to ensure you’re getting the best possible deal.

Accessing a reliable equity release calculator

To find a reliable equity release calculator, look for reputable providers and financial institutions that offer these tools on their websites.

By using a reliable calculator, you can get immediate quotes for the cash lump sum you may receive without having to divulge any personal information.

Using equity to buy a second home calculator

Are you considering buying a second home?

Raising funds against your main home to buy a holiday home is very popular.

By using a second home equity calculator, you can get immediate quotes for the cash lump sum you may receive without having to divulge any personal information.

Later Life Finance can provide figures on raising equity for your plans, including detailed second home equity release calculators.

Is there a free equity release calculator from the BBC?

The BBC don’t offer equity release as you need to access figures from a broker, which also ensures homeowners in the United Kingdom are obtaining accurate information.

We provide detailed calculations and projections to help you understand how releasing equity will affect the remaining equity in your home.

Compound interest calculators

An equity release compound interest calculator is another useful tool when considering equity release, as it helps you estimate the growth of your savings and investments over time. By understanding how compound interest works, you can gain insights into how your savings or investments might perform in the future and make more informed decisions about your financial planning.

Interest compounding calculators, which use the compound interest formula, can help you understand the potential growth of your savings account and investments over time by considering the compounding period.

The best Uk Lifetime mortgage calculator

A lifetime mortgage calculator is designed to estimate the amount you can borrow through a lifetime mortgage based on your age and property value. By using this type of calculator, you can get an idea of how much money you can potentially release from your home and compare different loan options to see which one best suits your needs.

With a lifetime mortgage calculator, you can easily compare different loan options and determine which one is right for you.

Interest only lifetime mortgage calculator

An interest-only lifetime mortgage calculator is another valuable tool that helps estimate the amount you can borrow and the interest payments required.

This type of calculator can provide you with an accurate estimation of the amount you can borrow and the monthly payments you’ll need to make, helping you decide if an interest-only lifetime mortgage is the right option for you.

It can also help you understand the potential risks associated with this type of mortgage in the United Kingdom.

Book a free call back with our expert advisers

Lifetime Mortgage calculations

A lifetime mortgage is a loan secured against your property, with the amount borrowed and interest repaid when you die or move into long-term care. This type of equity release product allows you to:

Access the value in your home without having to sell it
Provide you with additional funds to meet your financial needs
Retain ownership of your property

It is important to consider the implications of taking out a lifetime mortgage, as it is a long term mortgage.

Looking For An Equity Release Calculator Without Providing All Your Personal Details?

Are you looking for equity release figures without providing all your personal information?

Later Life Finance provide access to a full range of equity release calculators without providing your personal details.

Simply call 0800 2465228 and speak to our experts for advice and calculations without having to divulge all your personal information.

Preserving a percentage of your home

Equity release can be a great way to access the funds you need while still providing for your financial future by partnering with a reputable equity release lender.

Preserving equity for an inheritance is an important consideration when taking out an equity release product. There are several strategies you can employ to ensure that your loved ones receive a portion of your estate, even if you decide to release equity from your property.