Explore practical guides on uses, costs, rates, gifting, eligibility, and the application process for confident decision-making.
Equity Release Calculator
How much equity can you access?
Use our simple equity release calculator. Quick, easy, and no credit checks required. Find out your potential today!
Unlock the power of equity release
What can equity release be used for?
Discover smart and flexible ways to use released equity, from home upgrades to retirement support.
Equity release rates explained
Get a clear overview of how equity release interest rates work and what lenders are offering today.
Try the remortgage calculator
See how a remortgage might unlock equity or lower monthly payments based on your home’s value.
Equity release for over 55s
Find out how equity release could help unlock cash from your home if you’re aged 55 or over.
Release equity by remortgaging
Remortgaging could unlock property equity without selling, see how the process works and what’s needed.
Understand the application process
Know exactly what to expect when applying, from initial checks to when funds are released.
What is a lifetime mortgage?
A quick guide to lifetime mortgages, the most common form of equity release in the UK.
Home reversion plans
You may be able to sell part of your home for a tax-free lump sum or payments with a Home Reversion Plan.
Frequently asked questions
Our Equity Release calculator works by giving you an understanding of how much you could borrow with a lifetime mortgage. You will be asked about your home’s value, the outstanding mortgage amount, and the age of the youngest homeowner. This gives the calculator an idea of your situation, ensuring you get the most accurate estimate.
Remember that these figures are just an indication of what you could borrow. If you want a more accurate idea of your situation, get in touch. We will pair you with an expert advisor at our trusted business partners.
There are two types of Equity Release; the first is a lifetime mortgage and the second is a home reversion plan. Lifetime mortgages involve you taking out a mortgage that is secured against your home. This is usually around 35% of the property’s value. options are available too. Typically, when the homeowner dies or moves into care, the loan is settled through the sale of the house.
A home reversion plan is slightly different. It involves selling a part of your home to a loan provider in return for a tax-free lump sum or smaller payments. Similar to a lifetime mortgage you are able to live in the property until you pass or move into care, and the sale of the property is used to settle the loan. Your percentage of the home will remain the same even if the property value fluctuates over time.
To find out more about your equity release options, take a look at our Equity Release guide.
At The Mortgage Centres we have a dedicated team of brokers who are ready to guide you on your Equity Release journey. All you need to do is get in touch and we will pair you with a member of our team. They will assess your individual situation and ensure that you are met with the right product to suit your needs.
To organise a free no-obligation consultation, get in touch today.