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Equity Release Calculator

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By submitting this form you agree to be contacted by our regulated partner to confirm your details and provide a comparison and quotation based on additional questions about your circumstances. Any personal data provided through this form will be processed in accordance with our Privacy Notice.

"Excellent service and we saved money"
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Mr and Mrs Atkinson, Kent

Equity Release FAQs

Equity Release is simply a term for raising equity. An equity release lifetime mortgage is the most common method of safely accessing this equity from your home, tax-free.

We use lifetime mortgage interest calculators and provide detailed interest projections including house price forecasts to help you understand the effect interest will have on your equity. 

An expert adviser will indentify your best equity release deals

You need a solicitor and our experts can put you in touch with a reputable solicitor who will take care of the legal process. They ensure the funds are securely transacted to you and deal with the lenders solicitors for you. 

The best providers consist of lenders offering the most flexible terms, such as voluntary repayments and fixed exit criteria. We can help you find the best provider for your requirements.

The downside to equity release is the interest can be compounded however you can also pay the interest to maintain control of the balance on the mortgage

Equity Release interest rates are fixed for life, depending on the amount of money required as a lump sum and also any reserve facility required. Request a quote for a personalised and detailed interest rate illustration. 

The initial lump sum has a lifetime fixed interest rate which is agreed at the time of taking an equity release plan. 

The reserve, also known as a drawdown facility is charged at the interest rate applicable at the time of borrowing the further funds. 

All lifetime mortgage UK lenders are all fully regulated by the financial conduct authority (FCA).

Your lifetime mortgage quotes will only be from Equity Release Brokers for expert advice, & with Equity Release Council Plans for your added peace of mind. The council are the industry trade body who provide several codes of conduct for your added security, including the essential guarantee you will never enter into negative equity. 

Usually you can repay up to 10% of the amount borrowed within any 12 month period. This is on a flexible basis and completely voluntary. 

Understanding your options and suitability is important to making the best decision for you.

We can put you in touch with an expert who will review and assist with this process to compare equity release schemes and interest rates for you. We compare the entire equity release market to find your best solution.  

The specialist broker we put you in touch with operate a zero-pressure policy, and will answer all your questions to ensure you are fully informed with no commitment. We have access to legal and general equity release adviser plans for full comparison of the whole market. 

The most common form of raising equity is a lifetime mortgage where you maintain 100% full home ownership for the rest of your life, or joint lives where applicable.

Importantly, you can still move home if you wish and repay or move the mortgage with you. 

An equity release lifetime mortgage can be used for estate planning purposes. When you request your quotes, we will put you in touch with an expert adviser to discuss this in more detail.

You could possibly reduce your current equity release interest rate as there are many competitive deals available now. Please contact expert@comparemyequity.co.uk for a personalised quotation

Usually you can repay up to 10% of the amount borrowed within any 12 month period. This is on a flexible basis and completely voluntary. 

Many lenders calculate the interest daily and add it either monthly or annually. 

We provide interest rate calculations to show you how making repayments back will help preserve your equity for the future. This shows how the accrued interest will look if you don’t make any payments and the benefits of repaying the interest. 

Our interest repayments calculators detail how the interest will be charged and the effect of making lifetime mortgage interest repayments back to your plan to help you with your own calculations. 

Equity release interest rates vary depending on your age, your property value and the required amount of money you borrow. Your adviser can provide a detailed quotation. 

The most common form of raising equity is a lifetime mortgage where you maintain 100% full home ownership for the rest of your life, or joint lives where applicable.

Importantly, you can still move home if you wish and repay or move the mortgage with you. 

Join homeowners who safely raised £10 million of equity since 2020 through Compare My Equity

Transform your finances through your own home equity. FCA regulated lenders, advice and plans

Learn how to safely unlock tax free cash, the best way to do it, get calculations, projections and interest costs.

Access Our Equity Release Calculator

Most equity release calculator tools do not provide accurate information as they are generally programmed to output generic figures (not tailored to your own circumstances). 

Compare My Equity puts you directly in touch with a qualified experts Later Life Finance who will calculate your individual and specific options and provide a valuable insight into detailed and specific provider information. 

Interest rates are based on your age and property valuation information, the amount of money required and how you arrange the plan.

We source you expert, independent advice from the entire equity release market, saving you time and money- as we also have access to exclusive plans.

Whilst exploring the options, the main focus is securing the best possible deal and the most suitable plan for your specific circumstances.

We can save you money with exclusive plans through our independent equity release advisers who have highly rated equity release reviews across the industry

Can you gift an early inheritance using equity release

Most equity release calculator tools do not provide accurate information as they are generally programmed to output generic figures (not tailored to your own circumstances). 

Compare My Equity puts you directly in touch with a qualified experts Later Life Finance who will calculate your individual and specific options and provide a valuable insight into detailed and specific provider information. 

Interest rates are based on your age and property valuation information, the amount of money required and how you arrange the plan.

We source you expert, independent advice from the entire equity release market, saving you time and money- as we also have access to exclusive plans.

Whilst exploring the options, the main focus is securing the best possible deal and the most suitable plan for your specific circumstances.

We can save you money with exclusive plans through our independent equity release advisers who have highly rated equity release reviews across the industry

Ready to speak to an expert?

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Equity Release Interest Calculator

Compare My Equity identify your best plans based on your specific circumstances and calculate the equity release interest costs for you with our specialist equity release calculator.  

Equity Release enables the over 55’s to safely access the money tied up in your home, known as the Equity. This wealth has gradually built-up as house prices have increased over the past few decades, making your home a financial asset.

We provide an independent equity release comparison service to compare all your equity release options. We compare equity release providers, interest rates and schemes and provide detailed equity interest calculations and advice service. 

Whether you wish to extend your mortgage term or raise cash to help you live the retirement you deserve, these plans provide a greater range of options then traditional mortgages. The Compare My Equity experts will help you understand all your options and can even arrange the plans for you. 

Importantly, since this equity can be taken out tax-free, the mortgages provide an attractive & economical method of raising cash to enjoy and enhance your quality of life with a cash injection using a lifetime mortgage.

Compare My Equity identify your best plans based on your specific circumstances and calculate the equity release interest costs for you with our specialist equity release calculator.  

Equity Release enables the over 55’s to safely access the money tied up in your home, known as the Equity. This wealth has gradually built-up as house prices have increased over the past few decades, making your home a financial asset.

We provide an independent equity release comparison service to compare all your equity release options. We compare equity release providers, interest rates and schemes and provide detailed equity interest calculations and advice service. 

Whether you wish to extend your mortgage term or raise cash to help you live the retirement you deserve, these plans provide a greater range of options then traditional mortgages. The Compare My Equity experts will help you understand all your options and can even arrange the plans for you. 

Importantly, since this equity can be taken out tax-free, the mortgages provide an attractive & economical method of raising cash to enjoy and enhance your quality of life with a cash injection using a lifetime mortgage.

Source Equity Release Enquiry

Request a Quote with our Equity Release Calculator

Do you want to know INSTANTLY how much equity you can release from your home?

With Compare My Equity’s Instant Equity Release calculator, we can tell you in seconds how much equity you could potentially release from your home.

Lifetime & retirement mortgage brokers have access to equity release calculators and a range of plans available for over 55 homeowners which can be considered to settle your existing mortgage with your current lender. 

Dealing with a specialist broker provides access to a wider scope of options where your lender may not be able to assist, as many lenders do not offer lifetime mortgages. 

A financial adviser can review your options and establish if you have enough equity to enable a new plan to be arranged. Many brokers have access to preferential interest rates and terms. Ensure your broker is fully authorised by the financial conduct authority.

Equity Release Calculator
Equity Release Calculator

Do you want to know INSTANTLY how much equity you can release from your home?

With Compare My Equity’s Instant Equity Release calculator, we can tell you in seconds how much equity you could potentially release from your home.

Lifetime & retirement mortgage brokers have access to equity release calculators and a range of plans available for over 55 homeowners which can be considered to settle your existing mortgage with your current lender. 

Dealing with a specialist broker provides access to a wider scope of options where your lender may not be able to assist, as many lenders do not offer lifetime mortgages. 

A financial adviser can review your options and establish if you have enough equity to enable a new plan to be arranged. Many brokers have access to preferential interest rates and terms. Ensure your broker is fully authorised by the financial conduct authority.

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PRIVACY NOTICE PLEASE READ THIS PRIVACY POLICY CAREFULLY This Privacy Notice sets out how we will use your personal data when you visit the comparemyequity.co.uk website. WHO WE AREWe are comparemyequity.co.uk. Later Life Finance Limited is the Data Controller for the purposes of the General data ProtectionRegulation 2017 (Regulation (EU) 2016/679) and the Data Protection … Continue reading Privacy Notice & Terms