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

Step 1 of 2

Enter your postcode We need your full address to be able to send you your free guide to equity release. Please ensure you have selected your address from the list.

Select your address Please use the get address button above then select your address from this dropdown list.

Estimated property value 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.

To find out more about how we use and protect your data please view our Privacy Policy here.

Step 2 of 2

Your Name We need to know who we should address your free guide to.

Please enter a value for: customer name

Your Age The age of the youngest homeowner affects how much equity you can release. You must be aged between 55 and 110 to be eligible for equity release.

Email Address Please enter a valid email address so we can send you a digital copy of your free guide to equity release.

Telephone Number Please enter your telephone number.

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Based on the information you have supplied so far it looks like equity release could be an option for you.

We just need to know a few more details to confirm this. These details will also allow us to complete your calculation, send you your free guide and contact you to answer any questions you may have.

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:

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.

What are the most popular uses of equity release?

Unlocking the value of your home with equity release can allow you to achieve a number of goals.

Here are some of the most popular reasons why our customers choose to release equity:

Pay off a mortgage:

Clearing an existing mortgage is a very popular use for equity release, whether you have an interest-only mortgage close to expiry or would like to enjoy retirement without your current capital repayments.

Home improvements:

You could renovate, redesign, or even adapt your home with the value you hold within it.

Early inheritance:

See your loved ones benefit from their inheritance during your lifetime by helping children and grandchildren with house deposits, weddings, university living costs or other major life events.

Income boost:

With equity release, a cash boost could help you to live a little more comfortable and enjoy more of the little things that matter.

Do you have a specific goal in mind?

Use the free online equity release calculator today and find out instantly what your budget could be.

Releasing equity will reduce the value of your estate and could affect your entitlement to means-tested benefits. An adviser will help you to learn more about the pros and cons of your options and discuss with you what financial decisions you can make now in order to balance your current wants with future needs.

Use our calculator now

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.