Your age
Lenders use the age of the youngest applicant. The older you are, the higher the percentage of your home's value you can typically release.
Indicative figures for over 60s
How much equity can I release from my home?
The two biggest factors are your age and your property's value. As a broad rule, the older you are, the higher the percentage of your home's value a lender will offer. The table below shows indicative maximum figures from our calculator — your personal figure could be different.
Quick reference
Indicative maximum release, by age and home value
Figures are indicative maximums for a single applicant, before deducting any existing mortgage secured on the property, and are consistent with our online calculator. They are a guide, not an offer — lender criteria, property type, health and lifestyle factors, and joint applications all change the result.
Your personal figure
What moves your figure up or down
Your property's value and type
The maximum release is a percentage of your home's value. Construction type, leasehold terms and location can affect which lenders will offer, and how much.
Any existing mortgage
An outstanding mortgage must be cleared from the amount you release, which reduces the cash left over. Many customers use equity release precisely to clear it.
Health and lifestyle
Some lenders offer enhanced terms — a higher release or better rate — for certain health or lifestyle factors. Your adviser checks this as standard.
Common questions
How much can I release — answered
How much equity can I release from my house?
It depends mainly on your age and property value. For example, a 65-year-old with a £300,000 home could release around £120,000, and a 70-year-old up to about £138,000, based on our calculator's indicative figures. Any existing mortgage is cleared from the amount released. Use our free estimate form for a figure based on your own details.
Is there a minimum property value?
Yes — your property generally needs to be worth at least £70,000, and you need to be aged 60 or over and a UK resident to use our service.
Does applying as a couple change the amount?
Usually, yes. For joint applications lenders base the figures on the youngest applicant's age, which typically lowers the maximum percentage slightly compared with a single older applicant.
Is the money tax-free?
The cash you release is paid to you tax-free. However, releasing equity can affect means-tested benefits and will reduce the value of your estate, so advice is essential before proceeding.
How do I get an exact figure?
Book a free callback. An FCA regulated adviser will compare the whole later life lending market against your circumstances and confirm exact figures — free and with no obligation to proceed.
Keep reading
Related guides
Lifetime mortgage calculator
Run your own numbers through our free 60-second calculator and see your indicative range.
Equity release interest rates
How rates are set, what affects the rate you're offered, and how rolled-up interest compounds.
Equity release for over 60s
Our main guide to equity release, with FAQs, real customer examples, and our free estimate form.
Important. A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits. Think carefully before securing a loan against your property.