Unlock tax-free cash from your home with equity release.

If you are a homeowner over the age of 55, use our free instant equity release calculator to see how much you could release.

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Equity release calculator

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Enter the value of your property to calculate how much you can release. You must own a home with a minimum value of £70,000 to release equity.

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What is equity release?

Many UK homeowners have seen a considerable increase in the value of their properties over the years. If you are in this position, you might have a large portion of your wealth tied up in your home.

Equity release allows you to unlock some of this value and borrow a tax-free sum of cash from your home.

The most popular type of equity release is called a Lifetime Mortgage. With this, you retain full ownership of your home. You are not required to commit to making monthly repayments with equity release, however it is recommended to consider whether you could afford to make monthly payments to reduce the overall cost of borrowing over time.

Record numbers of homeowners are releasing equity and you could join them.*

To be eligible for equity release you must:

  • Be over the age of 55.
  • Own or want to own a home in the UK worth at least £70,000.
  • Want to release at least £10,000.
  • Have cleared, or be able to clear, your existing mortgage upon releasing equity. You can use your tax-free cash to help you do this.

Using the Reader’s Digest Equity Release calculator

If you are considering equity release, you will likely be keen to find out how much equity could be available to you.

By using the free Reader’s Digest Equity Release online calculator, you will:

What is equity release?

Be able to request a copy of the Reader’s Digest Equity Release guide. In this, you can read all about the different ways you can release equity, how the process works, and how Reader’s Digest Equity Release can provide access to a team of expert and trustworthy advisers.

Receive an instant and personalised estimate of the minimum and maximum amount of equity you could release, based on your age and property value.

Be contacted by a member of the friendly Information Team who can help you progress your enquiry when you are ready. They will be able to arrange for you to have a no-obligation appointment with a fully qualified adviser, who will discuss all of your options with you.

Our advice service

Launched in 1922, Reader's Digest has worked hard to build over 100 years of trust by providing useful guides and top tips about the topics that really matter. Now, Reader's Digest has chosen to work with Responsible Life to provide you with a quality mortgage advice service. You're in good hands, as they have over a decade of experience and over 1,500 5-star reviews on Trustpilot.

Responsible Life only work with lenders approved by the Equity Release Council. This means that all of the Lifetime Mortgage products you can access have customer needs at their core.

What we offer

We offer a wide variety of products from the whole of the market, with flexible features available throughout.

At Reader's Digest Equity Release, we will assess your suitability for a range of solutions designed to help you take advantage of your property wealth. We find that the most popular way of releasing equity is with a Lifetime Mortgage. However, we want to ensure that you have access to a wide range of solutions and can also provide you with access to Retirement Interest-Only Mortgages and traditional mortgages if these are more suitable.

Your adviser will work with you to come up with their recommendation of the right choice for you. This will include an explanation of how the available products work and the flexible features that are available.