Equity release calculator

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  • Instant, online results
  • Quick, easy and free to use
  • Just fill in a few details and we'll do the sums for you
  • No obligation to purchase

We may use your email address to contact you about your enquiry. More information about how we use and secure your data is in our Privacy Policy.

Our equity release calculator explained

Here’s some simple answers to questions you might have about our equity release calculator:

1. How does it calculate how much I can release?

Our equity release calculator uses your age and property value to estimate how much you could release with a lifetime mortgage.

2. Can SunLife calculate an exact figure?

Yes. For a personalised calculation, we’ll need a few more details from you.

If you give us a call, we’ll check your eligibility and put you in touch with an expert advisor who can find out the plans and interest rates available to you, as well as how much you could release.

3. Why is it called a 'lifetime mortgage' calculator?

Most equity release calculators base their calculation on a lifetime mortgage (as this is the most common type of equity release). This is why they’re called lifetime mortgage calculators.

Online equity release calculators are only able to give an estimate. To get an exact figure, it’s best to give us a call.

4. How much does equity release cost?

You’ll need to speak to an equity release advisor to get an exact cost.

There are initial upfront and long-term costs, which are based on the interest rate you secure.

Our friendly team can put you in touch with expert advisors who can calculate and explain how much it will cost you.

How can SunLife help with equity release?

The SunLife Equity Release Service can check your eligibility and put you through to a qualified financial advisor.

The initial advisor chat is free and there’s no obligation to purchase.

They’ll talk you through equity release plans and answer any questions you have. Just call our friendly, UK-based team free on 0800 633 55 66.

Not ready to speak to an advisor? Don’t worry, we can help answer your questions.

The SunLife Equity Release Service page has lots of useful information.

Getting help and advice on equity release

Before making a decision about equity release, it’s important to get advice from an expert, qualified advisor. They can compare plans available to you, and advise on what type of equity release would best suit you.

SunLife are working with Age Lifetime (an appointed representative of Age Partnership) to provide our customers with this advice. They will only recommend equity release products sold by a provider that’s authorised and regulated by the Financial Conduct Authority (FCA).

They’ll also make sure the provider is a member of the Equity Release Council (ERC).

Understanding equity release

If you’re thinking about equity release, you’ll want to understand how it works and what it means for you. Have a look at our latest articles – they’re a great place to start.

Here's the information that you need to know about who we are and the other companies that we work with in order to provide our products and services.

Who are SunLife?

Phoenix Life Limited trades as SunLife and is the provider of the Guaranteed Over 50 Plan, SunLife Insurance and the life insurance policy payment option for Funeral Plans. Phoenix Life Limited’s registered office is at 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 1016269). 

SunLife Limited distributes financial products and services and is a company limited by shares, registered office: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 05460862). SunLife Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (registration no. 769427).

You can contact us by post at SunLife, PO Box 1395, Peterborough, PE2 2TR or by phone on 0800 008 6060.

If you choose to add Funeral Benefit Option to your Guaranteed Over 50 Plan, Dignity Funerals Ltd arranges and provides the funeral services, registered office: 4 King Edwards Court, Sutton Coldfield, West Midlands, B73 6AP (registered in England and Wales, No. 00041598). Dignity Funerals Ltd is a member of the National Association of Funeral Directors.

Who provides the Funeral Plans?

Dignity Funerals Ltd arranges and provides the funeral services, registered office: 4 King Edwards Court, Sutton Coldfield, West Midlands, B73 6AP (registered in England and Wales, No. 00041598). Dignity Funerals is not authorised or regulated for this activity by either the Financial Conduct Authority or the Prudential Regulation Authority. Dignity Funerals Ltd is a member of the National Association of Funeral Directors.

The life insurance policy that pays for your funeral will be provided by Phoenix Life Limited, trading as SunLife.

Who provides My Smarter (ISA)?

My Smarter (ISA) is provided by Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority. Details can be found on the Financial Services register, registration No. 188832. Member of The Investment Association. Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.

Who provides the Will writing services?

Hugh James is authorised and regulated by the Solicitors Regulation Authority (SRA Number:303202).

The information contained on this website is based on Hugh James' understanding of the law of intestacy in England and Wales only as at April 2014. The law in Scotland and Northern Ireland is significantly different. This is for information purposes and is not intended to be legal advice.

Who provides SunLife Pet Insurance

SunLife Pet Insurance is arranged and administered by BDML Connect Limited. BDML Connect Limited is authorised and regulated by the Financial Conduct Authority (No. 309140). Registered in England and Wales Number 02785540. Registered Office: 45 Westerham Road, Bessels Green, Sevenoaks, Kent, TN13 2QB.

Who provides SunLife Home Insurance

SunLife Home Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.

Who provides SunLife Car Insurance

SunLife Car Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.