Calculate how much equity you could release

A lifetime mortgage could be a great way to help you live your later life to the full. By borrowing a tax-free lump sum you could be able to fund home improvements, help younger family members get on the property ladder, or simply maintain your lifestyle in retirement.

How much you can borrow depends on a number of factors, including your age, the type of property you own, and its value. Use our free lifetime mortgage calculator to find out how much equity you could release.

Find out how much you could borrow

Lifetime Mortgage type

Important: The loan amounts above are an illustration of the amount you could borrow. The actual amount may vary depending on your individual circumstances. The figures are not guaranteed and do not constitute an offer to lend. The loan amount will need to pay off any existing mortgage secured against the same property.

Are there any risks involved?

Whilst there are many reasons why people use a lifetime mortgage, it is important to state that there are some risks you may face. A lifetime mortgage will reduce the value of your estate (as the lifetime mortgage needs to be repaid) and it may affect your current or future entitlement to state benefits, as well as the amount of tax that you have to pay.

Releasing equity from your property needs careful consideration. The regulations around lifetime mortgages mean that you cannot buy this product directly. You can only get a lifetime mortgage through a specialist regulated lifetime mortgage adviser who will check your eligibility and help you to consider all your options.

How much does lifetime mortgage advice cost?

Lifetime mortgages are normally paid for in one of two ways:

A flat fee

With a flat fee lifetime mortgage you will always know how much you are paying, regardless of how much you wish to borrow. The point at which fees are paid depends on the advice provider.

A percentage of the final lump sum

Fees are payable upon completion, meaning you are never out of pocket. However, fees can be higher if you borrow a large amount. As an example, a 2% fee on a £50,000 lifetime mortgage is £1,000.

More information

OneFamily Advice is regulated by the Financial Conduct Authority (FCA) and is a member of the Equity Release Council. We adhere to a strict code of conduct. Our advisers will supply a personalised illustration for a lifetime mortgage, to ensure you understand the benefits and risks.

Speak to one of our advisers today for a free initial consultation.