What is the minimum age you can take out a lifetime mortgage?

Yes, but if they’re variable, there must be a “cap” (upper limit) which won't change for the life of the loan (Equity Release Council standard).

What’s the maximum percentage you can borrow?

Can the interest rate be fixed?

Yes, but if they’re variable, there must be a “cap” (upper limit) which won't change for the life of the loan (Equity Release Council standard).

Make sure there’s a “no negative equity guarantee”

Make sure you have the right to move property

Make sure you can afford repayments

Look into taking smaller amounts to reduce interest

Equity release calculator

Without having to enter any personal details

See how much equity you could release from your property - use Clearwise’s equity release calculator to find out.

It’s easy to get a quick equity release estimate

Enter your details to find out how much you could release from your property

Your details

years old
£ property
ownership

Age (youngest if couple)

Value of home

Ownership of home

You could release

Loan amount

* subject to minimum initial release of £10,000 The figures are illustrative only, based on LTVs published as @ 08/02/23. Actual LTVs available at the time of application will depend on the product chosen. They may be higher or lower than the figures displayed above and subject to change. Average LTVs are based on data from our partner and show the typical amount released at each age.

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Frequently asked questions

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: Yes, but if they’re variable, there must be a “cap” (upper limit) which won't change for the life of the loan (Equity Release Council standard).
: What’s the maximum percentage you can borrow?
: Yes, but if they’re variable, there must be a “cap” (upper limit) which won't change for the life of the loan (Equity Release Council standard).
: Make sure there’s a “no negative equity guarantee”
: Make sure you have the right to move property
: Make sure you can afford repayments
: Look into taking smaller amounts to reduce interest