Reader's Digest equity release calculator

Partnership Promotion 6 April 2022

If you are a UK homeowner aged 55 or above, releasing equity from your home could unlock the funds you require to enjoy your later years.

Whether you’re curious as to how much value you could release from your home, or you want to take the initial steps towards releasing equity, this handy calculator will give you the information you requirewards releasing equity, this handy calculator will give you the information you require.

By providing your contact details in our free online equity release calculator, you will receive a copy of the Reader’s Digest Complete Guide to Equity Release and a member of the friendly Information Team will be in touch to answer any initial questions you may have. The Information Team are not salespeople, their job is to give you the answers you may need and move you along the journey at your pace.

Alternatively, if you would like to speak to a member of our Information Team directly, you can always contact us on 0800 066 2491 to discuss your needs with a view to arranging a face-to-face home visit with one of our financial advisers. 

Will I qualify for equity release?

To be eligible for equity release, you must:

  • Be aged 55 or over.
  • Reside in the UK.
  • Own or want to own a property in the UK worth £70,000 or more.
  • Plan to release £10,000 or more.
  • Have cleared, or be able to clear, your existing mortgage upon releasing equity.  This can be achieved with the released funds or other savings you may have.

If you are considering releasing equity and want to find out how much you could release with our free online equity release calculator it is important to make sure that you meet these criteria before you start imagining how a tax-free cash injection could fit into your plans.

How much equity can I release?

The amount of equity you could be eligible to release depends largely on your property value and the age of the youngest homeowner. In general, the older you are and the more your property is worth, the more equity that will be available to you.

Our calculator will take this into account when providing you with an estimate of how much equity you could release, so it is important to enter your correct age and an accurate property value to get accurate results.

Other factors that may affect how much equity you can release are the type of property you live in and the area in which you live. Once you have used our online equity release calculator, a member of the Information Team will be in touch. They can arrange for you to have a no-obligation chat with a fully qualified advisor who will further be able to assess how much equity you could release.

Things to consider

The UK's most popular type of equity release is called a Lifetime Mortgage. With this, you can borrow a tax-free cash sum from the value of your home. You will retain full homeownership and there are no required repayments.

Interest rolls up at a rate fixed for life and the amount borrowed plus accrued interest is only due for repayment when the last homeowner passes away or enters long-term care and the home is sold. Should you wish to make voluntary repayments, you can usually do so.

You should bear in mind that releasing equity will reduce the value of your estate and could affect your entitlement to means-tested benefits. That’s why it is important to seek advice you can trust, so that you can understand the features and risks.

Why use the Reader's Digest equity release calculator?

If you are a UK homeowner considering equity release, using the Reader’s Digest equity release calculator is a great first step. The benefits of using our free online calculator are:

  • You will get an instant and personalised estimate of the minimum and maximum amount of equity you could release.
  • You will receive your copy of the Reader’s Digest Complete Guide to Equity Release.
  • A member of our friendly Information Team will be in touch to help you progress your enquiry when you’re ready. They will be able to arrange for you to have a no-obligation appointment with a fully qualified adviser, local to you.
  • Should you choose to proceed, you will benefit from guarantees such as a review of your application from a second qualified expert and access to exclusive rates and deals from our bespoke panel of lenders.

Find out how much equity you could release by using our free calculator above today.

Reader's Digest  Equity Release is a trading style of Responsible Life Limited. Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register ( under reference 610205. 

Responsible Life Limited receives a marketing contribution from one of the lenders on our panel, Responsible Lending. Responsible Lending is a partner organisation of Responsible Life and may directly benefit from this promotion.

There is no obligation on Reader's Digest Equity Release or Responsible Life to recommend Reponsible Lending products and you will be provided with an impartial advice sservice. Any conflict of interest therein is managed by Responsible Life and overseen by our Compliance Officer. For further details on the value of this contribution please contact us at

A Lifetime Mortgage will impact the value of your estate and could affect your entitlement to means-tested benefits. Think carefully before securing other debts against your home. To understand the features and risks ask for a personalised illustration.

Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,690. Our adviser will talk through the setting up costs of a Lifetime Mortgage before you make any decision to proceed.


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