Open until 8pm, call free on 0808 252 9170

Trustpilot
Trustpilot


Benefits and drawbacks of equity release

It's important you have all the facts available to make the right decision for you.

Watch our video to find out more about the benefits and drawbacks of equity release.

Video transcript (pdf)🗗

What is an equity release calculator?

Our equity release calculator shows how much you could release from your home's value with a lifetime mortgage - a loan secured against your home. You'll need to give us some basic details about you and your property. We can then get your instant, no obligation equity release results.

You can use our free UK equity release calculator in 3 easy steps:

1

Give a few basic details

2

Press the 'Calculate' button

3

Get your equity release results

As well as the amount you could release tax-free, your equity release estimate includes:

  • An optional property eligibility check

  • The chance to arrange a no-obligation consultation with one of our expert advisers

  • Info on other options, costs, and the flexible features of Key's equity release plans

Use our UK equity release calculator to get a quick estimate.

Calculate now

How much could I release using Key's equity release calculator?

Key equity release customers had access to £78,334 on average
Key Market Monitor 2023

The amount you could release is a percentage of your home's value (loan to value, or LTV). This varies between people and properties and is personal to you.

Try our equity release calculator to quickly see how much you could release from your home.

Calculate now

Our equity release calculator uses two things to work out how much home equity you could release:

  • Age: You must be aged 55+ to be eligible. If you apply as a couple, the youngest person's age will determine how much you could release.

  • Property value: You must be a UK homeowner with a property worth at least £70,000. A higher value usually results in a higher release.

ⓘ If you're not sure of your property value, you can get an estimate on Rightmove🗗 or Zoopla🗗.

Not eligible yet?
Try our later life mortgage finder. We could still help you take control of your later life finances.

The lowest amount you can release is £10,000. Here's our minimum borrowing limits:

Product

Lump sum lifetime mortgage

Drawdown lifetime mortgage

Minimum initial loan

£10,000

£10,000

Minimum drawdown

N/A

£500*

*or the full balance if this is less than £500

Is equity release right for you?

There are different types of equity release which help thousands of UK homeowners take control of their later life finances. Here are some useful links to see if equity release could be right for you:

For more information on your later life options, read our free, comprehensive guide today.

Read now

Why choose Key?

Key is a specialist, award-winning later life mortgage provider for the over 55s. We've helped over a million customers see if equity release was right for them. After we take the time to understand your needs, we'll recommend the right later life option for you.

Trusted award-winners

We've won 80+ awards and are rated 'Excellent' on Trustpilot🗗 with 17,000+ reviews. This makes us the UK's most trusted equity-release specialist.

We're regulated experts

Key is regulated and a proud member of the Equity Release Council🗗.

Covered by the FSCS

Equity release advising and arranging is covered by the FSCS🗗, so you'll be protected by up to £85,000.

Customer stories

Don't take our word for it - see what our equity release customers are saying...

Michael and Carol

64 & 63, approaching retirement

"All the worries and the stresses have gone now. We can just look forward to having a nice relaxing retirement…We’re planning to go away on a couple of cruises."
Read more on Michael and Carol

Watch more of our customer stories

What are the next steps to release equity from my home?

Calculate online

  • Quick and easy to use

  • Instant results

  • No obligation to go ahead

Calculate now

Prefer to speak to us?

  • Speak to our friendly experts

  • Get your questions answered

  • See if it could be right for you

Call us on 0808 252 9170

Read our free guide

  • Learn how equity release works

  • Free to download 

  • Get the facts you need

Read now

Your other options with Key
Key offers alternatives to equity release such as a retirement interest-only mortgage or retirement repayment mortgage. If another product is more suitable, including home reversion, we'll refer you to a different adviser within Key Group to help. If you go ahead, you'll only be charged the same £1,299 advice fee you'd pay with us, even if their fee is usually higher.

Other options to think about
It's important to know your other options before going ahead with equity release. These include: downsizing, unsecured lending, using existing assets, or support from friends or family.

Read our equity release articles

Read our RetireWise articles to learn more about how equity release works and whether it's right for you.

How does equity release work?

Continue reading

How long does equity release take?

Continue reading

Who's eligible for equity release?

Continue reading
Page last updated: Wednesday 16 October 2024

We use some essential cookies to make our website work properly.

We’d also like to set additional cookies to help us improve our website, tailor marketing and provide a more personal experience.