Expert-Reviewed Equity Release Calculator
Reviewed by: Gerard Boon
Managing Director, Boon Brokers
B.A (Hons), CeMAP, CeRER
Last reviewed: 29 October 2026
Gerard has reviewed this Equity Release Calculator’s calculation method, assumptions and supporting guidance for accuracy and clarity.
The results are an estimate based on the information you enter and the calculator’s assumptions. They do not constitute an equity release offer or personalised equity release advice.
How Much Equity Can You Release from Your Home?
Our free equity release calculator provides you with an initial estimate of how much money you may be able to release from your property through a lifetime mortgage, without needing to sell or move home.
Simply enter your age and approximate property value to receive an estimate of how much you could potentially release.
For a more detailed review of your results, our fee-free equity release advisers can assess your circumstances, explain the options available and help you understand whether equity release could be suitable for you.
As members of the Equity Release Council, we are committed to upholding its high standards of advice and consumer protection.
Contact a Fee-Free Adviser
How Can You Use Your Equity Release Calculator Results?
Your Equity Release Calculator result provides an initial estimate of how much money you may be able to release from your property.
This can be a useful starting point when considering your financial plans, whether you’re looking to supplement your retirement income, make home improvements or provide financial support to family members.
With your estimate, you can begin to explore:
- Your existing mortgage: If you still have an outstanding mortgage, this would normally need to be repaid from the money released or other available funds, reducing the amount left for you to use.
- How much you actually need: You may not need to release the maximum amount shown. Borrowing less could help reduce the interest that builds up over time.
- How you receive the money: Explore whether taking a single lump sum or using drawdown equity release to access smaller amounts over time could better suit your financial plans.
Remember, your calculator result is only an estimate. The amount available will depend on your circumstances and the provider’s criteria.
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Personalised Equity Release Advice
Our fee-free equity release advisers can help you understand your calculator results, explore suitable lifetime mortgage products and assess how equity release could affect your longer-term finances.
Equity release is a significant financial commitment, so understanding the risks, costs and alternatives is essential. With a lifetime mortgage, unpaid interest can compound over time, increasing the amount owed and reducing the equity remaining in your property.
You’ll also need independent legal advice from a solicitor before an equity release plan can be completed.
Get Personalised Advice
Looking for a Different Calculator?
Whether you’re considering remortgaging, moving home or exploring your wider mortgage options, our other calculators can help you estimate your borrowing potential and plan your next steps.
Frequently Asked Questions
How Does My Age Affect My Equity Release Calculator Result?
Your age plays a key role in calculating how much equity you could release from your property, with equity release age guidelines varying between products and providers.
Generally, the older you are, the larger the percentage of your property’s value you may be able to release. If you’re applying jointly, you should enter the age of the youngest applicant into our calculator.
Does My Equity Release Calculator Result Include My Existing Mortgage?
No, our Equity Release Calculator estimates your potential borrowing amount without deducting any outstanding mortgage balance.
For example, if your estimate is £120,000 and you still owe £50,000 on your existing mortgage, you could have approximately £70,000 remaining after repaying it, before accounting for any additional fees.
Does the Equity Release Calculator Include Interest Rates and Repayments?
No, our Equity Release Calculator provides an initial borrowing estimate rather than calculating interest rates, monthly repayments or the total amount you may eventually owe.
With most lifetime mortgages, monthly repayments are optional. However, any unpaid interest is added to the mortgage balance and can compound over time.
A qualified equity release adviser can provide a personalised illustration showing the potential costs and how your outstanding balance could change.
Equity release is a significant, long-term financial commitment. A lifetime mortgage is secured against your home. Unpaid interest can build up over time, increasing the amount owed and reducing the value of your estate. Equity release may also affect your entitlement to means-tested benefits. To understand the features and risks, ask for a personalised illustration.
Boon Brokers Limited is authorised and regulated by the Financial Conduct Authority (FCA). The Financial Services Register number is 973757. The FCA does not regulate some Buy to Let mortgage contracts. We do not charge a fee for our mortgage, insurance or equity release advice and arrangement services. Calls may be recorded for training and monitoring.