Equity release or selling up and renting?
Most people who want to free up money never consider renting, because giving up a home you own feels like a step backwards. But selling and renting for the rest of your life is a real option, and for some people a cheaper one. This tool sets the long run cost of releasing equity and staying put against the cumulative rent you would pay if you sold and rented instead. It also reminds you of the part that gets forgotten, that if you rent you keep the sale proceeds to live on.
Release and stay
£0
eventual cost to release the cash you need
Sell and rent
£0
total rent paid over the same period
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Assumptions: the equity release cost is the amount you need compounded at the rate you enter, once a year, with no repayments. Rent is paid monthly and rises once a year by the rise you enter. This is a like for like cost comparison only. It does not value the home you keep with equity release, or the sale proceeds you would invest or spend down if you rented, or any care or council tax effects. It is a starting picture, not a quote or advice.