A calculator multiplies what your home is worth by a maximum percentage for your age, and nothing about you or your property has been assessed at that point. This is everything that moves the number afterwards.
An indicative figure is a maximum against your age and property value before anybody has looked at anything. Here is everything that moves it.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
A calculator multiplies what your home is worth by a maximum percentage for your age. That is the whole calculation, and nothing about you or your property has been assessed at the point it produces a number.
Everything below can move it, and most of them move it downwards. None of that is anybody behaving badly: it is the difference between an arithmetic maximum and a decision about a real house.
A schedule supplied to us by the adviser and dated. No lender publishes maximum loan to value by age, so it is not a figure you can go and verify, and our calculator page says so.
The calculator, and where its figures come from →A valuer decides what the property is worth, not the owner and not an online estimate. That figure is the one the percentage is applied to.
How a valuation works →It is the age of the younger of you, and it steps up every single year. A birthday between enquiry and application changes the number.
What the calculator assumes →Repaid first out of what is released. What reaches you is the balance, and if the mortgage is larger than the maximum, it does not work.
Construction, tenure, land, what is next door. The property guides on this site are about exactly this, and any of them can change what a lender will do.
What gets assessed →Different products from the same lender have different maximums, different minimum values and different criteria.
How the products differ →The one that goes the other way. An enhanced plan can offer more where there are medical or lifestyle factors, because the plan is expected to run for less time.
Age limits and criteria →What figure you would actually be offered. We publish a schedule and the date it was supplied, and an adviser with the whole market applies real criteria to a real property. Those are different exercises and only the second one produces an offer.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
What is my property actually likely to be valued at?
The number everything else is a percentage of. An adviser will have a view before a valuer visits.
How much of what I release goes on repaying my mortgage?
It comes off the top. Ask for the net figure rather than the gross one.
Would any health or lifestyle factors mean an enhanced plan?
The only thing on the list that moves the figure upwards, and it has to be assessed rather than applied for.
Is there anything about my property that would change this?
Raise it early. It is much easier before a valuation than after one.
Short answers to the things that come up most. None of it is advice, and every figure on this page carries its source.
It is a maximum against your age and property value, produced before anybody has looked at anything. Nothing about you or your property has been assessed at the point it appears.
Most of the things that move it move it downwards. None of that is anybody behaving badly: it is the difference between an arithmetic maximum and a decision about a real house.
The valuer visit, because the figure starts from the value you typed in rather than a professional valuation, and anything about the property that a lender treats as a question. The property guides on this site cover the features that most often raise one.
No. The estimate is a ceiling produced by multiplication. The offer is a decision about a specific house, made by somebody who has seen it.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
One qualified equity release adviser. They will go through your figures and tell you if there is a better answer. It costs nothing and commits you to nothing.
Google Analytics, Microsoft Clarity and Vimeo. Say no and none of them loads. What each one stores, and what Microsoft use theirs for.