How Much Equity Can You Release From Your Home?

Use our equity release calculator to find out exactly how much you can release from your home.

Not only this, we'll send you a free guide in the post for you to read at your leisure.

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  • Have you got a specific question with regards to Equity Release?
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  • Want to find out how much you could be eligible for under the a leading providers equity release scheme?

This calculator predicts how much equity will be remaining in your property over a period of years. Using variable interest rates, amounts released and also over a variable period of years, you can see how much equity would be released in many different circumstances.

House Price :

Age :
Mortgage Remaining :

Use our calculator below to adjust equity released, interest rates, term of loan and house price inflation.

Desired Cash Release :
Interest Rates :
Period of Loan (Years):
House Price Inflation :

This calculator predicts how much equity will be remaining in your property over a period of years. Using variable interest rates, amounts released and also over a variable period of years, you can see how much equity would be released in many different circumstances.

House Price :

Age :
Mortgage Remaining :

Use our calculator below to adjust equity released, interest rates, term of loan and house price inflation.

Desired Cash Release :
Interest Rates :
Period of Loan (Years):

Frequently Asked Questions
What are Equity Release Schemes, Lifetime Mortgages and Home Reversion Plans?

Equity Release is an agreement between a homeowner (usually aged 55+) and a provider that allows the homeowner to unlock the money tied up in their home.

Equity in your home is the difference between the home's fair market value and the outstanding balance of all mortgages, secured loans and charges on the property.

Equity Release is a way to borrow against the equity you have built up without having to make monthly payments or having to move home.

Also, if you choose the Lifetime Mortgage you will maintain 100% ownership of your property. What's more, you are guaranteed to be able to stay in your home for as long as it is your main residence.

The money you receive is yours to spend as you please and what's more, as the equity is already yours, it is totally tax-free.

You can also choose how you would like to receive the money - whether it be a regular monthly income, a cash lump sum or a mixture of the two.

Roll-up Lifetime Mortgages

A roll-up lifetime mortgage allows you to borrow money secured against your home.

You receive an agreed sum against the value of your property and interest payments are added each year to the loan.

The total amount repaid to the provider when the property is eventually sold is the initial loan amount plus any accumulated interest.

For most plans the interest rate is fixed and will not change during your lifetime.

Click here to find out more about Lifetime Rollup Mortgages

Drawdown Lifetime Mortgage

Works the same as a roll-up lifetime mortgage except you can choose to release the money flexibly, as and when you need it.

You can shoose to have money in a reserve account, ready to drawdown.

Interest will not accrue on the money held in reserve until you have released it.

Allows you to reduce the interest charge and have the safety of a cash reserve, ready to draw upon when needed.

Click here to find out more about Drawdown lifetime Mortgages

Interest Only Lifetime Mortgage

As with the Roll-up and Drawdown lifetime mortgages, you receive a cash lump-sum and maintain 100% home ownership.

Unlike the others, though, you can choose to pay the interest on a monthly basis.

In fact, you can choose to pay anything from £25 per month up to the full amount of interest due. Any interest you do not pay will accrue as with the Roll-up lifetime mortgage.

You can decide how long you want to pay interest for (for example, 1 year, 5 years or even up to the lifetime of the loan).

If you decide you don't want to make monthly payments any more, you can stop and the plan will change to a regular Roll-up lifetime mortgage.

Click here to find out more about interest only lifetime Mortgages

Home Reversion Plans

A home reversion scheme involves you selling part or all of the value of your property to the equity release provider in exchange for a lump sum.

The cash lump sum that you would receive is not a representation of the full market value of the property. This is because you will continue to live in your home with no rent for the duration of your life. The provider will only receive a return on their investment after your death, or when you decide to leave, for example to move into residential care.

If you only sold part of your property to the provider, then after your death the home would be sold and the part you retained will be passed to your estate, the remainder will go to the plan provider.


- Equity release could affect your entitlement to some state benefits and may affect your tax position.

- All equity release plans will reduce the value of your estate.


Read more here
What are the benefits and implications of equity release schemes?

1) Retirement can be a time of fixed income and many people have valuable homes but little spare cash. Equity release can provide tax-free cash to help alleviate this problem.

2) You can use the cash you release to spend as you wish.

3) You may want to use the money to take that holiday youve always dreamed of, perhaps visiting family that you havent seen for years.

4) You might want to buy a new, more reliable car to help you get around. You could even use the extra funds to help support your family, children or grandchildren.

5) Many people simply use the money they release to make up the shortfall some people experience when they retire.

6) It could affect your entitlement to some state benefits and may affect your tax position.

7) All plans will reduce the value of your estate.

What is the procedure for equity release?

Equity release is a decision best made with all the information. Use our calculator to work out how much is available to you. We will also send you a copy of our equity release guide.

If you are interested in learning more, you can contact us on 0800 012 4180 to discuss your needs with a view to arranging a face-to-face home visit with one of our independent financial advisers.

Our advisers will lay the plans out in black-and-white, providing an illustration of exactly how much you can receive and what the costs will be. Our visits are free, relaxed and carry no-obligation to proceed.

If you feel equity release is for you, our advisers will advise you on the best plan that fits your needs & priorities. From here, we would look to arrange an independent valuation on the property. We have offers from the major lenders where a valuation can be offered free of charge (ask us about these).

Once the valuation has been carried out, an offer will be instructed. You will need to visit a solicitor to discuss the offer before signing. If you don't have a solicitor we would be happy to put you in touch with a solicitor well versed in equity release.

Once you have seen the solicitor and signed the documents, they will conduct their conveyancing work and you will receive a cheque in 2 weeks upwards. Our record here at Responsible is 9 days from application completion but we always say allow 4 plus weeks.

Who are SHIP?

Launched in 1991, SHIP is an organisation that is supported by the leading providers of equity release to promote safe schemes and to safeguard the interests of homeowners.

SHIP's code of practice ensures that all member companies provide a full and easy to understand presentation of their plans.

SHIP members display the SHIP logo on their literature as a guarantee to their customers that they observe the code of practice.

The SHIP Code of Practice

1. Members of SHIP agree to provide a fair, simple and complete presentation of their plans. The benefits, obligations, variables and limitations must be clearly set out in their literature, including all costs which the applicant has to bear in setting up the scheme, the position on moving home, the tax situation and the effect of changes in house value.

2. All SHIP plans carry a 'no negative equity' guarantee, which means that you will never owe more than the value of your home.

3. The client's legal work will always be performed by the solicitor of their choice. In all cases prior to the completion of the plan, the solicitor will be provided with full details of the benefits the client will receive. The solicitor will be required to sign a certificate to the effect that the scheme has been explained to the client.

4. SHIP members are regulated by the Financial Services Authority (FSA) and are required to follow a strict procedure for dealing with complaints. If the complainant remains unsatisfied they can take their complaint to the Financial Ombudsman Service.

What are the benefits of dealing with a SHIP member?

If you are considering releasing equity from your home, you should ask yourself three key questions:

1. Do I have the right to live in my property for the rest of my life?

2. Do I have the freedom to move to suitable alternative property without financial penalties?

3. Will I receive either a cash sum or regular income payments?

If you release equity through a SHIP member, then the answer to all of these questions is guaranteed to be YES.

Find out more here
How Do I Release Equity From My Home?

If you feel you may benefit from some extra funds during your retirement, then there are a few things you need to know about how to release equity from your home. Dependant on the plan you opt for, interest rates can vary. If, for instance, you would like to borrow the maximum amount available to you the interest rate you are offered may be slightly higher than if you were to take the money steadily in a drawdown facility.

Also, as you get older plans are available from more lenders and more money is available as a percentage of your property value. There are many questions that you may have about equity release so a good first step as to how to release equity would be to read our Equity Release FAQ.

Then, a wise move would be to order one of our free, posted, full colour guides to equity release. This answers more questions than the FAQ does and, more importantly, can be read at your leisure and shared with others involved in the decision making process.

Once you have learned more on equity release, and if you decide that equity release is the right move for you, an Independent Financial Adviser can walk you through a personalised illustration, explaining the financial details in a lot more depth, giving you equity release quotes and Responsible advice.

The next step would be to have your house valued and to select a solicitor of your choice to handle the paperwork. Once all parties are happy with the paperwork, the plan can then complete and the payment due to you will be made. You will then either enjoy your lump sum or your regular drawdown payments without having to make any repayments.

By the way, we wouldn't be The Responsible if we didn't recommend advisers who only charge you for their advice if you go ahead with the plan!

Read more here

Introduce Equity Release Clients to Responsible

Equity release is set to be the growth sector for the next decade. Here at Responsible, we invite you to take share in this growth sector with a measured and risk-free ste.

Responsible Equity Release have an introduction scheme, allowing you to refere potential equity release clients to us, learn a lot along the way and then decide if equity release is something you may consider licensing your firm to do or if you are happy to continue receiving market-leading introduction fees from us.

Visit our equity referral website here or give us a call on 0845 004 6766 to discuss the possibility of earning substanital commissions from this exciting industry.

Our Customer Testimonials

" The service I received from Responsible was excellent. The advice made a lot of sense and I feel that I took out the very best plan on the marketplace – my adviser showed me plenty of options and helped me to make the right choice."
- Mr & Mrs Parsons

"I can't fault the Responsible Equity Release service. From start to finish, they were honest, open and always told me the whole story. It was this honesty that led me to take out the plan and I certainly have no regrets."
- Mr & Mrs Renderton

"I would give Responsible a 10/10 for the way they handled my enquiry. They were quick to respond but were never pushy and the financial adviser who came to visit me was most helpful and never put any pressure on me. My wife and I could tell he knew his stuff. Then their help with the application made things go very smoothly indeed."
- Mrs Goose

"Responsible Equity Release really helped my husband and I through what was a difficult moment. I would best describe my adviser as 'always on hand but never pushy'. We would definitely recommend Responsible over the other two pushier advisers we saw."
- Mr Watkins

Dear Steve, Just to let you know that our equity release deal has been completed, initial draw down is in the bank and the reserve confirmed. Thank you for your help. I will certainly recommend you and your company, and as I think I mentioned I do have another family member who is considering ER and I'll pass on their details if they decide to go ahead.
Kind regards.

- Mr. C**** MBE

We are writing to say that we have received the cheque for our equity release. May we take this opportunity of thanking you for all the help and advice that you have given us during our application. Without your assistance we feel the whole procedure would have proved to be beyond us. So once again many thanks for all your help and may we wish you a very Happy Christmas
" Mr Braz***, Wolverhampton

Hi Sue, Just to let you know that I received a letter from peter barton today to say everything is now complete & after all fees have been paid the balance has been transfered to our account, When we saw him on monday he did say that he has always liked dealing with you so all I can say is we made the right choice in picking you & you advising us to go to ashfords for the conveyancing work, again thanks very much, hope to hear from you soon.

- Richard & Barbara

Hi Louise, Please feel free to drop in any time. Thanks again for a wonderful service. Best wishes

- Sandy & Clive

Dear all, It is with much relief that I can confirm that the funds have just cleared in our bank account. I'd like to take a moment to tell all of you how myself, my Grandfather and my wife very much appreciate all of the hard work that Louise has put into this. One thing that has become very apparent during this process is that many companies have little to no regard for the customer. False promises, missed deadlines and general lethargy in completing simple tasks making the entire case ever more urgent. However in complete contrast to this, the soothing salve to the frustration of such companies like the Cheshire has been not only how professional Louise and Peter have been, but with how you all treat your customers with honesty, warmth and most importantly, you keep in touch even if just to say "we're still waiting". Good customer service is hard to find and it's with Responsible and Louise in buckets which makes you a best team and I cannot think of any way that the people acting for my Grandfather could have done any better. Thanks to your services and hard work, my Grandfather will remain comfortable and worry free for the rest of his days in his home. You've all treated us with great respect, for that I thank you, we thank you and words alone don't properly convey the correct sentiment.

Should we ever have cause to require your services again you'll be the first people I contact and would not hesitate to highly recommend you to anyone.

Take good care

Kind regards and many thanks

- James, Alex & Louise

To all at Responsible involved in getting my case through as quickly as you did, I thank you very much. Everything went to plan and I couldn't ask for more.

- Michael

The other adviser I saw didn't even mention I had the option of paying interest. This is why I'm glad I chose a specialist.

- Mrs Briggs, Devon

From start to finish the service was great. We telephoned you and were greeted with warmth which was replicated when you came to see us. I'm surprised how easy everything seemed.

- Bill & Cass, The Wirral


What is the criteria to release equity in the UK?

In order to release equity on a home, the following criteria usually needs to be met:

- To qualify you must be aged 55-95.

- The home in question must be your permanent main residence and lived in by you for over six months of the year.

- You must own the home from which you are releasing equity.

- The home must be worth at least 70,000.

What is the code of conduct for equity release?

An organisation called SHIP are responsible for laying out the code of conduct to the equity release providers in the market.

Independent financial advisers can explain who are SHIP members and which member may offer the plan most suitable to your needs.

Click the link to learn more about SHIP equity release

Read up on latest equity release news

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