Calculate Your Potential Equity Release Amount Instantly
Curious about how much equity you could release from your home? Our easy-to-use calculator provides an instant estimate based on your age and property value. No personal details required, and it’s completely free to use. Take the first step towards unlocking the value in your home today.
Calculate How Much Equity You Can Release Today !
..or just give me a call & we can chat !
How much can you release?
Use our Instant equity release calculator without personal details or email address etc – to give you a rough guide as to how much you could release. This is just a broad indication, you would be best advised to call us for a personalised quote based on your circumstances.
About Me
Ok well where do i start? I’ve been doing Financial Advice for 24+ years now. I like to treat everyone ‘as if they were members of my family’ , that way I know they’re getting the RIGHT advice. Prior to Financial services, I was a Training & Development Manager, so I’m used to ensuring I get the ‘key points across’ in a way that people fully understand.
Dexter AKA ” The Boss”
He’s a ‘Pomchi’ a mix of Pomeranian and a bit of ( Hi Carumba) chihuahua. I think he believes he’s telepathic – as sometimes he just ‘stares’ at me – with that look of – well ? But he’s ace and definetly in charge of when its Walkies time !
Read what people 'just like you' said about me..
"...he had previously helped our Mum with her Equity release...."
We recently had the pleasure of working with David Farrell the owner of Quest Finance, and it was a fantastic experience from start to finish........ He had previously helped our Mum with her Equity release. So when we looked at Equity Release ourselves we knew who we could trust ....... We absolutely recommend David Farrell & Quest Finance– a solid 5 out of 5 stars from us!
You're Not Alone – More People Are Using Equity Release Than Ever Before
The Equity Release Council has just shared the latest numbers for the start of 2025 – and it shows something really important:
More and more people are choosing equity release to help with their finances in retirement.
Here are 4 simple things to know:
£665 million was borrowed using equity release – that’s more than last year and the fourth quarter in a row it’s gone up.
14% more new customers started using equity release compared to this time last year.
The average lump sum borrowed is now £127,414 – that’s 23% more than last year.
The average drawdown amount is now £69,764 – that’s also gone up by 15%.
💬 What does this mean for you?
You’re not alone if you’re thinking about using equity release. Many others are doing the same to make life a bit easier, cover rising costs, or help their family. It’s becoming a normal way for people to unlock some of the money tied up in their home.
If you’re curious about how it could help you, we’re here to talk it through – no pressure, just friendly advice.
📞 Call for a chat Today 0n 0777 981 9891 — no obligation, just friendly advice.
Understanding Lifetime Mortgages: Unlocking Home Equity for Retirement
Enjoy Retirement Without Financial Worries
A lifetime mortgage is a popular form of equity release that allows homeowners aged 55 and over to access the equity tied up in their property without the need to move. You can receive a lump sum or regular payments, with the loan and accrued interest typically repaid when you pass away or move into long-term care. Lifetime mortgages offer flexibility and can be tailored to suit your individual needs, providing financial support during retirement while allowing you to remain in your home.
Unlock Tax-Free Cash from Your Home with Equity Release
Enjoy Retirement Without Financial Worries
Equity release ( a Lifetime Mortgage) allows homeowners aged 55 and over to access the wealth tied up in their property without the need to move. By releasing equity, you can receive a tax-free lump sum or regular payments to supplement your retirement income, fund home improvements, or assist family members financially. It’s a flexible solution designed to help you enjoy your retirement with greater financial freedom.
Stay in Control, Live on Your Terms
- Need extra income for home improvements, travel, or helping family?
- Want peace of mind knowing your finances are secure in retirement?
- Prefer to keep ownership of your home and avoid downsizing?
We offer clear, no-pressure advice tailored to your needs, so you feel confident every step of the way.
Trusted Advice, Proven Results
With access to multiple lenders and solutions, we help you find the right option for your situation. Don’t just take our word for it—see what others say in our Google reviews!
📞 Call for a chat Today 0n 0777 981 9891 — no obligation, just friendly advice.
Compare Leading Equity Release Companies
Choosing the right equity release provider is crucial to finding a plan that suits your needs. Some of the top-rated companies in the UK include:
Aviva: Known for competitive rates, and Tailored health plans.
Legal & General: Offers a broad range of lifetime mortgage options.
More2Life: Specializes in tailored equity release solutions.
LV=: Provides comprehensive support and advice.
Canada Life: Offers innovative features and benefits.
- Scottish Widows: broad range of criteria and rates.
And there’s even more lenders !!! ……..So it’s advisable to consult with a financial advisor to compare plans and choose the right option for your circumstances.
Current Equity Release Interest Rates Explained
Check Today’s Best Rates
Interest rates for equity release plans can vary and are mainly based on factors like your:
- Age & Health
- Property value
- The amount you wish to release as a lump sum and/or Drawdown
- If you want to make any monthly payments ( you get a small discount off the std rate)
It’s important to compare rates from different providers and consider the long-term impact on your estate. Consulting with a financial advisor can help you find the most suitable plan
Check Today’s Best Rates
Discover how equity release can provide the financial freedom you deserve.
Enjoy Retirement Without Financial Worries
You’ve worked hard for your home—now let it work for you. A lifetime mortgage allows you to access tax-free cash from your property while staying in the home you love. No monthly repayments, no stress—just more freedom to enjoy life on your terms.
Stay in Control, Live on Your Terms
- Need extra income for home improvements, travel, or helping family?
- Want peace of mind knowing your finances are secure in retirement?
- Prefer to keep ownership of your home and avoid downsizing?
We offer clear, no-pressure advice tailored to your needs, so you feel confident every step of the way.
Trusted Advice, Proven Results
With access to multiple lenders and solutions, we help you find the right option for your situation. Don’t just take our word for it—see what others say in our Google reviews!
📞 Book a free chat today—no obligation, just friendly advice.
Our pledge to you,
Quest Finance doesn’t charge any upfront fees or charges. we will meet with you and discuss lifetime mortgages and see if they are suitable or not.
Our competitive Advice fee is ONLY payable should you complete an application with ourselves, and in most cases it’s paid out of the monies raised by the equity release.
“explained the pros and cons in a simple and understandable way…..”
What protections are in place for Equity Release products ?
Ok well first off there is no deliberate or dodgy ‘catch’ with equity release and lifetime mortgages, they are highly regulated and come with lots of consumer protections. The one thing you have to be mindful of is the potential roll-up of interest. As the longer the deal runs, the more interest will accrue. The interest is what’s called compound interest, in other words, the interest amount gets larger as the mortgage balance gets larger.
To protect yourself, ensure that any firm advising on or selling equity release is regulated by the Financial Conduct Authority (FCA). This regulation provides a safety net, including access to the Financial Services Compensation Scheme if needed.
Choose Wisely
Opt for a product from a company that’s part of the Equity Release Council. Members adhere to a code of conduct and meet product standards, which means:
- You can live in your property for life or until you move into permanent residential care.
- You have the option to move your plan to another property if it meets the provider’s criteria.
- You’ll never owe more than the value of your home when it’s sold after you pass away or move into permanent care.
- For lifetime mortgages, you can expect fixed or capped interest rates for the life of the loan.
- You may make penalty-free repayments if it aligns with your provider’s criteria.
Handling Issues
Always engage with a specialist equity release adviser, ensuring both they and the provider are authorised by the FCA. If something goes wrong, reach out to your provider first—they’ll have a complaints procedure. If unresolved, the Financial Ombudsman Service might be able to assist.
Incorporate these steps into your decision-making to enjoy the benefits of equity release with peace of mind.
What is the importance of choosing product from a member of the Equity Release Council?
you’re in safe hands.
We are impartial advisors and proud members of the Equity Release Council, meaning we follow strict guidelines to ensure you get clear, honest advice that’s in your best interest—not the lender’s.
Choosing a product from a member of the Equity Release Council is crucial because it comes with several benefits and protections:
Lifetime Residence Assurance: You have the right to live in your property for life or until you move into permanent residential care, offering peace of mind.
Plan Transfer Flexibility: You can transfer your plan to another property, provided it meets the criteria of your equity release product provider.
No Negative Equity Guarantee: Rest assured, you will never owe more than the value of your home when it’s sold, whether after you pass away or move into care.
Transparent Interest Rate Terms: For lifetime mortgages, the interest rate is fixed for each release of funds or, if variable, it is capped. This ensures predictability and transparency.
Optional Repayment Flexibility: You can choose to make penalty-free repayments on your loan, as long as it aligns with your provider’s criteria.
By choosing a council member, you gain these protections, ensuring your equity release plan is as secure and beneficial as possible.
People just like you, that wanted the assurance of dealing with someone,
that would listen. to what they wanted…
Free Equity Release Guide
packed full of useful information and key facts. - Click the image to open the full guide now !
Equity Release - how does it work?
Find Out If You Qualify?
Have you ever wondered, “How can I get money from my home without selling it?” You’re not alone—many UK homeowners are using Equity Release and Lifetime Mortgages to unlock tax-free cash while staying in the home they love. But how do they work, and is it the right option for you?
Before we dive in, let me reassure you—you’re in safe hands.
We are impartial advisors and proud members of the Equity Release Council, meaning we follow strict guidelines to ensure you get clear, honest advice that’s in your best interest—not the lender’s.
💬 Would it help to explore how much you could access and what that might mean for your retirement? Let’s chat—no pressure, just answers
Understanding Equity Release Options
Equity release provides a way for homeowners, particularly those in their later years, to unlock the value of their property for financial flexibility. Let’s delve into the two primary types of equity release: Lifetime Mortgages and Home Reversion Plans.
Lifetime Mortgages
( age 55+)
A lifetime mortgage is a unique type of loan designed exclusively for homeowners aged 55 and above. It allows you to release a portion of the equity tied up in your property while retaining full ownership. This means you can access the wealth accumulated in your home without the requirement to move.
How Does it Work?
With a lifetime mortgage, you borrow against the value of your home, and the loan, plus accrued interest, is repaid when you pass away or move into long-term care. The flexibility of this arrangement ensures that you can stay in your home for as long as you wish, enjoying the financial benefits without the stress of immediate repayment.
Key Features of Lifetime Mortgages
- No Monthly payments
- You still OWN your home
- Tax-free lump sum
- Optional interest or ‘overpayments’
- Drawdown schemes available
- Still able to move home
We work with many of the main equity release / lifetime mortgage lenders including;
Home Reversion Plans
A home reversion plan differs from a lifetime mortgage by allowing you to sell part or all of your home while continuing to live there. This option involves transferring ownership of a portion of your property to a reversion company in exchange for a cash lump sum or regular payments.
How Does it Work?
When you opt for a home reversion plan, the reversion company gains a share of the proceeds when your home is sold, typically after you pass away or move permanently into care. It’s important to note that you won’t receive the full market value for the portion of the home you sell, which could significantly reduce the value of your estate.
‘Hybrid’ Lifetime Mortgages
The over 55’s later life lending market continues to evolve, and one of the newer products is a Hybrid between a Lifetime Mortgage and an Interest-only mortgage.
Under this hybrid product, a customer is required to make monthly payments to the mortgage lender in respect of all or part of the interest, or part of the capital, charged on the lifetime mortgage. A customer may choose to stop making payments and from that time until the lifetime mortgage is repaid, the loan converts to a full interest roll-up mortgage.
Hybrid = Lifetime + Interest Payment
In essence, you might take out a ‘lifetime mortgage’ but have agreed to pay 25%, 50%, or even 100% of the monthly interest for a number of years. This helps stop the debt from accruing.
Advantages of Hybrid Products
- Stops interest/debt growing
- Allows you to repay mortgage
- Potentially lower the interest rate
- Potentially increase max available
By understanding these options, you can make an informed decision about which type of equity release best suits your financial needs and lifestyle preferences.
Are You Eligible for Equity Release?
Find out if you Qualify
To be eligible for a lifetime mortgage on your home – here are the main considerations;
- Be Aged Over 55 years old
- UK Homeowner
- Your Home is worth at least £70,000 ( £100,000 if Ex council property)
- Any outstanding current mortgage must be repaid with the ER
There are other property checks that apply, some lenders do and don’t like such as such as proximity to commercial properties or Pylons and spray Foam insulation in lofts. And for Ex Local Authority properties the minimum property value is typically £100,000+
So to be certain you and your property meet a lenders criteria, it is always best to pick up the phone for a no-obligation chat.
What is Equity Release used for ?
From paying off a current interest only mortgage, nearing the end of its term – to having ‘that little bit extra’ each month to enjoy your retirement. Through to gifting to family to help them financially / get onto the property ladder. The uses for a lifetime mortgage are numerous.
What Could You Use Equity Release For?
Have you ever thought about how unlocking some of your home’s value could make life easier and more enjoyable? Many homeowners like you use equity release for a variety of reasons—what would be most important to you?
Clearing Your Mortgage – Imagine no more monthly mortgage payments. How would it feel to have extra cash left over each month?
Home Improvements – Want to make your home more comfortable or modern? A new kitchen, a walk-in shower, or even a garden makeover—what would make the biggest difference for you?
Boosting Your Retirement Income – Would having extra money each month give you more freedom to enjoy life without worrying about expenses?
Paying Off Debts – Are high-interest loans or credit cards eating into your budget? How would it feel to be debt-free and have peace of mind?
Helping Family – Many people use equity release to support loved ones. Would it feel good to help children or grandchildren get on the property ladder or ease their financial worries?
However, it’s important to understand how family circumstances can affect your equity release plan.
Living with Dependents
If you live with dependents, equity release can become more complicated. To continue living in the property with you, they may need to sign a waiver confirming they understand they do not have the right to remain if you pass away or move into permanent care.
Future Changes
Should a family member or friend decide to move in after you’ve taken out equity release, they will also need to sign a waiver. This document releases any potential rights they might have to the property.
Seeking Legal Advice
It’s crucial for any dependents, family, or friends to seek independent legal advice before moving in or signing any waiver. This ensures everyone is fully aware of their rights and the implications of these decisions.
By considering these factors, you can make informed decisions that balance your desire to help your family with the practicalities of equity release.
Covering Care Costs – With rising care expenses, would it be reassuring to know you have the funds available without selling your home?
Every homeowner’s situation is unique—what’s most important to you? Let’s chat and explore your options, no obligation, just clarity.
How Does Equity Release Work ?
How does Equity Release work? – Well it’s really quite simple;
It is mainly based on your AGE and your PROPERTY VALUE, (and in small part your health, as if you have chronic health conditions lenders may lend more – as life expectancy is shorter so they don’t have to allow for the long-term potential roll-up).
How Equity Release works in practice – then lenders will lend based on a combination of your age and property value. The younger you are the lower the LTV ( loan to value ) eg if you are aged 55 they might only lend up to 20% of the property value, whereas if you are 80 you might get more like 50%.
- You apply, and based on your age, health and property value, the lender will confirm how much equity you can release ( we have a quick equity release calculator on this page as a rough guide)
- The lender sends a RICS property valuer to check and confirm the property value and that it meets their criteria ( some lenders don’t like nearby commercial premises etc )
- They confirm the amount they will lend to you
- The money is tax-free and there are NO mandatory monthly payments ( you can make optional payments or service the interest if you wish).
- Each month the interest is added to the mortgage balance, and so it slowly grows each year.
- At the end of the deal ( normally when you pass away or go into a retirement care home), the mortgage is repaid from the proceeds of your property sale.
Weighing the Pros and Cons of Equity Release
Before diving into the details of equity release, it’s crucial to understand that this is a significant financial decision. Consider it carefully and seek specialist financial and legal advice to ensure it aligns with your long-term goals. Professional guidance can illuminate the complexities and help you navigate potential pitfalls.
First off, there is no deliberate or dodgy ‘catch’ with equity release and lifetime mortgages. They are highly regulated and come with lots of consumer protections. The one thing you have to be mindful of is the potential roll-up of interest. As the longer the deal runs, the more interest will accrue. The interest is what’s called compound interest, meaning the interest amount gets larger as the mortgage balance increases.
However, you also have to factor in the potential increase in property value that could occur. For example, if the mortgage interest in the first year was £3,000 and property prices went up by 1.5% during that year, then a property initially valued at £200,000 would increase to £203,000.
(Note the FCA require us to inform you that property prices are not guaranteed to rise each year and could go down as well as up.)
When considering equity release, it’s important to understand the role of the Financial Conduct Authority (FCA). The FCA regulates all firms involved in advising on or selling equity release products. This regulation ensures that these companies adhere to strict standards, offering you greater protection and transparency.
Moreover, being regulated by the FCA means you have access to the Financial Services Compensation Scheme (FSCS). This safety net is crucial if something goes wrong, providing you with a layer of financial security.
In essence, the FCA‘s oversight guarantees that the equity release process is conducted with your best interests in mind. Their role is pivotal in maintaining trust and confidence in the financial products you choose.
Pros:
- Access to tax-free cash without moving home.
- Flexibility in how you receive funds.
- Ability to stay in your home for life.
- No monthly repayments required.
Cons:
- Interest can accumulate over time, reducing the value of your estate.
- May affect eligibility for means-tested benefits.
- Early repayment charges may apply.
- Reduces the inheritance you can leave behind.
Taking all of this into account, it’s vital to weigh these factors against your personal circumstances and future plans. Consulting with experts can provide clarity and ensure that equity release is the right choice for you.
Lifetime Mortgages ( age 55+)
How Does it Work?
Key features of Lifetime Mortgages
- No Monthly payments
- You still OWN your home
- Tax free lump sum
- Optional interest or 'overpayments'
- Drawdown schemes available
- Still able to move home
We work with many of the main equity release / lifetime mortgage lenders including;
'Hybrid' Lifetime
The over 55’s later life lending market continues to evolve, and one of the newer products is a Hybrid between a Lifetime Mortgage and an Interest only mortgage.
Under this hybrid product a customer is required to make monthly payments to the mortgage lender in respect of all or part of the interest, or part of the capital, charged on the lifetime mortgage. A customer may choose to stop making payments and from that time until the lifetime mortgage is repaid the loan converts to a full interest roll-up mortgage.
Hybrid = Lifetime + Interest Payment
In essence you might take out a ‘lifetime mortgage’ but have agreed to pay 25% or 50% or even 100% of the monthly interest for a number of years. This helps stop the debt accruing.
There are numerous advantages to these products such as.
- Stops interest / debt growing
- Allows you to repay mortgage
- Potentially lower the interest rate
- Potentially increase max available
What is a Home Reversion Plan?
A home reversion plan is a financial arrangement that enables you to sell a portion or the entirety of your property while continuing to reside there.
Key Features:
- Lifetime Residency: You can remain in your home without rent payments, either until you pass away or move into long-term care.
- Sale of Shares: You’re essentially selling a share of your home’s future value at a discounted rate.
- Payment Upon Sale: The reversion company receives its share of the proceeds once the home is eventually sold.
Considerations:
- Reduced Inheritance: Since reversion companies don’t pay the full market value, your estate may significantly decrease.
- Longevity Impact: If you don’t live long after initiating the plan, the financial return for your estate could be considerably less optimal.
This option is ideal for those who value staying in their home over maximizing the financial legacy they leave behind.
we dont offer advice on home reversion plans, as they are a minority part of the market and very specialised, we will refer yo to an approraite specialist if this is the right product for you.
Alternatives to Equity Release?
Downsizing or Moving to a Cheaper Property
One of the most direct alternatives is to sell your current home and move to a smaller, less expensive property. This approach enables you to release equity tied up in your home while eliminating or reducing mortgage payments
Remortgaging or Retirement Interest-Only Mortgages
Remortgaging or opting for a retirement interest-only mortgage are other options. With remortgaging, you borrow against the value of your home with the understanding that the loan will be repaid while you’re still alive. A retirement interest-only mortgage is similar to a lifetime mortgage but with the key difference that you make regular interest payments, so the amount you owe does not increase
Renting Out a Room
Renting out a room in your home is another way to generate extra income without needing to sell or borrow against your property. This option can be particularly attractive if you live in an area with high rental demand .
Selling Assets
If you have other valuable assets, such as a second car, jewelry, or collectibles, selling these can provide a lump sum of money without impacting your home ownership .
State Benefits and Grants
Depending on your circumstances, you may be eligible for state benefits or grants that can help support your financial needs. It’s worth exploring what assistance may be available .
Continue Working or Starting a Small Business
Continuing to work during retirement, whether part-time or on a consultancy basis, can provide an income stream. Similarly, starting a small business based on a hobby or skill can also be a way to generate extra income .
It’s crucial to consider all options and seek professional advice before making a decision. Each alternative has its pros and cons, and the best choice will depend on your personal financial situation and long-term plans.
Talk to a specialist
Let us help you, talk to an expert mortgage advisor about your holiday let mortgage needs and benefit from their expertise in finding you a great deal.
One Tailored recomendation
Let us help you, with tough additional criteria for these types of mortgages . Let us help you find a lender that WILL LEND on your chosen property, at the best rate for your circumstances
Advice & Guidance
Every step of the way, from initial enquiry, through to meeting lenders criteria, the application and through to completion. we will be at your side
Conclusion
Equity release mortgages and lifetime mortgages offer a valuable financial solution for homeowners aged 55 and over in the UK. Whether it’s to supplement retirement income, fund home improvements, or support family members, the flexibility these schemes offer is undeniably attractive. However, as with any financial decision, it’s crucial to seek professional advice to ensure it’s the right choice for you and your circumstances.
Remember, your home is more than just a property; it’s a valuable asset that can support your financial health in later life. By understanding and leveraging equity release products, you can make your home work for you.
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equity release calculator without personal details
FCA WARNING, FEE’S AND JURISDICTIONAL INFORMATION
MORTGAGES – THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT
CONSOLIDATING UNSECURED DEBTS – Think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or secured loan. IF YOU CONSOLIDATE EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
EQUITY RELEASE – This is a Lifetime Mortgage. These are only applicable to those 55 and over, and it could affect eligibility to state means-tested benefits and the inheritance you may leave. To understand the features and risks, ask for a personalised illustration. Equity release includes Lifetime Mortgages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes. Quest Finance Ltd also Trading as Quest Finance – is an Appointed Representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £195 to £995 and this will be discussed and agreed with you at the earliest opportunity.
Quest Finance Ltd is registered in England and Wales, with company registration number: 12267927. Registered Office: 21 Laneham Close, Doncaster DN4 7HX
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. By submitting an enquiry form you agree that the information provided is true and accurate and that a mortgage advisor may contact you for further information as required.
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