How old are you? What is the approximate value of your property? If you have a mortgage or loan on the property, how much is outstanding? Title: Mr Mrs Ms Your First Name or Initials: Your Last Name: 1st line of your Address: Your Postcode: Telephone Number: Email Address:

• Your name or names
• Age or youngest age if a couple
• Your Property value
• Any mortgage amount outstanding 

When using the calculator it is important to remember Equity Release loans are based on the youngest age of a couple. Please be aware when it asks for the youngest age, input the youngest age if a couple as it will give you incorrect results if not.

When inputting your property value, try to put in a valuation you believe your property to be worth. Try not to dramatically over estimate or under estimate this as it will distort the true loan amount.

The reason why mortgage outstanding is asked is you cannot secure an Equity Release loan on a property which still has a mortgage as a first charge. However, you can borrow the money under an Equity Release loan in order to repay the mortgage outstanding so there are no monthly repayments during your retirement.

These days, some lenders will consider certain medical conditions when assessing maximum loans, when you speak with an advisor they may ask you some basic medical questions to enable them to ascertain whether you are eligible for enhanced rates.

All of the Equity Release Companies in the Equity Release market place have different loan to values. Using the Equity Release Calculator will determine the maximum loan available using data from ALL of the companies. When you speak with a Specialised Advisor they will discuss all of the options available under the different schemes available in the Market Place.

The Equity Release Calculator only takes into account Lifetime Mortgages. However, there are many other schemes available, such as Home Reversion Plans, which are available to Clients from the age of 65. Higher loan to values are available under the Halifax Retirement Home Plan, you can borrow up to 75% of the value of your home. However, with this option you will have to make monthly repayments. The maximum loan is based on up to 5 times your guaranteed retirement income.



Using an equity release calculator is a great way to see how much equity might be available when releasing funds from your home or property.

The key points you'll need to consider when using our equity release calculator are as follows:

• Are you over 55 years of age
• What is the approximate value of your poperty that you would like to release equity from.
• Is there an outstanding mortgage on the property and what is the approximate balance.