A Guide to UK Equity Release Calculators

Picking an online equity release calculator may seem like a lottery when there are so many available, especially as the decision you make could well determine the company you release equity with. The Reader’s Digest equity release experts offer this guide to equity release calculators, so you can be sure you are making an informed choice.


Why use an online calculator?

If you are just curious about equity release, an online calculator will give you an idea of your eligibility for releasing equity from your home without having to talk to anyone first.

A well-maintained calculator like the one on this page will produce a live and accurate calculation; however, a specialist adviser will factor in more personal details to give an even more accurate figure.

What does our equity release calculator tell you?

You’ll be given a quick estimate of how much you could potentially release based on your age and property value. You must be aged 55 or over to release equity from your home, so a calculator will not accept an age lower than this if you are just curious and not yet 55. Bear in mind that entering incorrect details in our calculator will give an inaccurate result, but you could still receive the free Reader’s Digest Equity Release guide.

Why should you use Reader’s Digest Equity Release’s calculator?

Our equity release calculator will provide you with an estimate of the amount of tax-free cash that you could release, as well as ensure that you receive our free guide to equity release by both post and email. This guide will explain more about the products and how they work, which is a good advantage to have before taking your enquiry further.

The calculator will also help you get in touch with the Information Team, whose job is to answer any of the pressing questions you might have about equity release and the process. Should you then be interested in proceeding, they can book a no-obligation appointment with a fully qualified adviser who will be best placed to advise if this is the right choice for you. Your adviser can clearly explain the finer details of equity release with a free initial consultation and then tailor advice to suit your personal circumstances.

Releasing equity from your home will reduce the value of your estate and may affect your entitlement to means-tested benefits. However, your adviser will be able to explain this to you and provide a personal illustration of the associated features and risks as well as guiding you towards plans with features that could help mitigate these risks.

We have carefully selected a range of products that our advisers will compare for you. With flexible features prioritised throughout, we’ve designed this selection of products to offer the best value for you and your family, both now and in the future. All products recommended will come from lenders who are members of the Equity Release Council. This will mean that they carry some built-in guarantees such as maintaining full ownership of your property, and never owing more than the value of your home.


In Summary:

  1. Our equity release calculator is a good first step to learning about equity release.

  2. A good calculator, like ours, will tell you how much you could potentially release.

  3. All products that Reader’s Digest Equity Release will advise on come from lenders that are members of the Equity Release Council.

  4. By using our calculator you will receive a free equity release guide which will help you make the right decision for you.


Whether you're curious as to how much you can release, or you want to take the initial steps towards releasing equity, our handy calculator will give you the information you require.

You can also contact us on 0800 029 1233 to discuss your needs with a view to arranging a no-obligation appointment with one of our financial advisers.

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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. 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 (https://register.fca.org.uk/) under reference 610205. 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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