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Income equity release calculator

Use our income lifetime mortgage calculator to see how much money you could release as an additional income to support your pension in retirement.

Monthly income equity release calculator


How to use the income equity release calculator

To get an idea of the maximum you could borrow with an income lifetime mortgage, you simply need to input the value of your property (which must be a minimum of £100,000 to a maximum of £4m), the age of the youngest homeowner (which must be at least 55 and up to 90), your postcode (to understand where you live) and finally the term over which you would like to receive your income (which can be 10, 15, 20 or 25 years) as these are the criteria that lenders use when deciding how much money you can borrow.

An introduction to income lifetime mortgages

Income lifetime mortgages are designed to help homeowners aged over 55 to draw a regular income from the equity in their homes, as opposed to the other lifetime mortgage that are available that allow you to borrow lump sums of money.

Income lifetime mortgages are currently only offered by Legal and General, one of the largest lifetime mortgage lenders and their income plans allow you to draw a fixed income from the equity in your home over different fixed periods of time. You can choose to receive your tax-free income over 10, 15, 20 and 25 years.

If you don’t need a large amount of money to pay for one-off expenses and would prefer the security of having a regular income paid into your bank each month, rather like a top up to your existing pension, then an income lifetime mortgage could be ideal for you. Income lifetime mortgages can also be designed to provide a combination of both a lump sum and income if there are requirements for both. One of our expert independent advisers can help in tailoring a plan for you.

Want to compare income lifetime mortgages?

If you’d like more information on the range of income lifetime mortgages that are currently available, then feel free to use our unique comparison tables where you can also request your own personalised Key Facts Illustration.

You’ll be able to see all interest rates, along with their features and any offers from all the lenders across the equity release marketplace.


These are income lifetime mortgages providing a regular monthly income over a fixed term. To understand their features, benefits and risks, please contact us for your personalised key facts illustration. All income quotes can be tailored to your own circumstances and you are under no obligation to proceed.