We have rebranded Retirement Advantage products as Canada Life. Visit our Retirement Account and Home Finance pages.

Maximum Loan Calculator

Our Home Finance options allow you to release a cash lump sum from your property, and are available for your main residence, Buy-to-Let property or second home. The money you release is tax-free, and yours to spend on whatever you like.

Find out how much equity you could release from your home by using Our Maximum Loan Calculator.

Find out more about our Lifetime Mortgages and Buy-to-Let Mortgages.

Please confirm your property type before submitting, and if you’d like the option to draw down more money at a later date without needing further financial advice, please select ‘with cash reserve facility’. If you would like to have cashback at completion, you can choose 'with cashback' for certain products. Your adviser can talk to you about these options in more detail.

Please note that the minimum ages across our product range vary from 55 to 60.

Enter the required values below and the equity release calculator will generate the maximum amount you can borrow for each of our products.

Please only enter numbers into the Property Value (£) box eg 200000.

The amount that you can borrow depends on your circumstances, which include your age and the value of your home. If there are two of you borrowing together, the amount available depends on the age of the younger borrower.

The above is an approximate figure only. The amount you can borrow may differ from the figure shown and will depend on the property meeting our underwriting criteria. Your adviser will be able to provide you with a personalised illustration that will show the amount you can borrow and the overall costs and interest rates, including APR.

Once you have submitted an application to us we’ll appoint a professional independent valuer to gain an accurate value of your home.

Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.