How Much Can I Release?

Equity Release Amounts

How much money will I receive when I do an equity release?

Lifetime Mortgage (Interest Roll-up Scheme):

Lifetime Mortgage Equity release companies will usually allow

• up to 50 to 60% of home value for people over age 70
• 35 to 45% of home value for people aged 60+
• 0 to 30% of home value for people between 55 to 60 years
• It is never the full amount as the equity release firm must wait until you sell, move or sadly die

Home Reversion (Sell Share of Home Scheme)

• The market value of your home or the share of your home will not be offered.
• Depends upon the type of property: freehold, construction and how old you are
• For example, 100% sale of your home would likely receive:
• 30% - 40% of the value of your home for a 65 year old
• 40% - 45% of the value of your home for a 70 year old
• 45% - 50% of the value of your home for a 80 year old
• 55% - 60% of the value of your home for a 90 year old
• It is never the full amount as the equity release firm must wait until you sell, move or sadly die

Retirement Mortgage (Monthly Interest Payments)

• Usually a multiple of your income or a fraction of available net income
• Usually only your free, excess income will be allowed
• The sum will be based upon interest charged around
• Work on the basis of interest payments should reflect no more than a third of your income, leaving two thirds of net income for you to live on.
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