Continue your plan
Useful next calculations
Rates & sources
Standard amortisation formulas used across UK lenders. Interest rates move daily — confirm with your lender or broker.
Source: Bank of England — Statistics — check the linked guidance and any live quote before acting.
When to use this calculator
- Before comparing mortgage products, brokers or repayment types.
- When you want to test how a different deposit, rate or term changes the payment.
- When you need a quick estimate before using a formal illustration or agreement in principle.
- When you are stress-testing your budget against a higher rate.
Example: checking the size of a lifetime mortgage
Use these sample inputs as a quick scenario test, then change one variable at a time to compare outcomes.
| Input | Value |
|---|---|
| Property value | £400,000 |
| Age | 65 |
| Max LTV | 35% |
| Focus | Indicative release amount versus estate impact |
The number that matters is not only how much can be released today, but how quickly rolled-up interest grows the balance later on.
How to read your results
Max Tax-Free Release
Review this figure alongside your gross income so you can understand deductions before the tax year closes. It is a planning estimate, not a filed return.
Owed at Age 85
The figure produced by this output for the inputs you entered. Change one variable at a time if you want to see what drives it.
Interest Rolled Up
The figure produced by this output for the inputs you entered. Change one variable at a time if you want to see what drives it.
Method & assumptionsAuthoritative sources
This calculator provides an indicative estimate of how much equity you may be able to release from your home through a lifetime mortgage, based on your age and current property value. Lenders typically set maximum loan-to-value ratios that increase with age — older applicants can generally access a higher proportion of their property's value. The figures shown are illustrative; actual offers depend on the specific lender, your health, property type and location, and current market conditions. This tool does not account for arrangement fees, legal costs, or the long-term compounding effect of rolled-up interest, which can significantly increase the total amount owed. Equity release is a major financial decision and UK regulation requires you to receive independent specialist advice before proceeding.
Official references
Common mistakes
- !Mixing up loan amount and property value, which can distort affordability and LTV.
- !Using a headline rate but forgetting fees, insurance, taxes or repayment type.
- !Testing only one term length instead of comparing the payment and total cost together.
- !Forgetting that a repayment mortgage and an interest-only mortgage produce very different monthly figures.
What to do next
- Run a second scenario with a higher rate or shorter term so you can see the downside clearly.
- Compare the result with an affordability or overpayment calculator before applying.
- Note the monthly payment and total interest for your strongest scenarios before you speak to a broker.
- Check whether a modest overpayment would reduce total interest — use the overpayment calculator next.
Frequently asked
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