Can I Get Equity Release at 60?
At 60 you are fully eligible for a lifetime mortgage — the most common form of equity release — which has been available from age 55. The amount you can borrow at 60 is higher than at 55, and a number of important factors are worth understanding before proceeding.
Yes — eligible at 60 for a lifetime mortgage. Typical LTV is 25–30%. On a £350,000 property, you could release up to around £105,000.
Eligibility at 60
Equity release has been available from age 55, so at 60 you are comfortably within the eligible range. The most widely available product is the lifetime mortgage: a loan secured against your home with no required monthly repayments, where interest rolls up and is repaid when the property is sold following death or permanent entry into care.
The LTV available at 60 — typically 25–30% — is higher than at 55, because the statistical loan duration is shorter. Lenders are therefore willing to advance a greater share of the property's value.
How much can you borrow at 60?
Using a property valued at £350,000 as an example, a 25–30% LTV range translates to a maximum of approximately £87,500–£105,000. The actual offer will depend on the lender, the property type, and whether enhanced terms apply for health or lifestyle factors.
Different lenders set their LTV tables differently, so the range across the market can vary. An equity release adviser will compare available products across lenders to find the most suitable option for your circumstances and property.
To model how compound interest would affect the outstanding balance over time at any loan amount, use the equity release calculator.
Couples: if your partner is younger, their age applies
For a joint lifetime mortgage, lenders use the age of the younger applicant to set the maximum LTV. If you are 60 but your partner is 56, the LTV available will be based on age 56, not 60 — which means a somewhat lower maximum borrowing amount than if the 60-year-old applied alone.
Both applicants must be at least 55 for a lifetime mortgage. The plan continues until both have either died or moved into permanent care. See Can couples get equity release together? for more on how joint plans work.
Home reversion plans at 60
Home reversion plans — the other main form of equity release, which involves selling a percentage of your property to a provider — are not generally available until age 65. At 60, a lifetime mortgage is the only equity release product available to you.
Compound interest and the longer loan term
A lifetime mortgage taken at 60 may remain in place for 20–30 years. Over that period, compound interest on the outstanding balance will accumulate significantly unless partial repayments are made. Many plans allow voluntary repayments — typically up to 10% of the original loan per year — without an early repayment charge, which can help limit the growth of the balance.
This is not a deterrent unique to age 60, but it is more significant than at 70 or 75 simply because the loan is likely to run for longer. For more on this, see Can I pay back equity release early?
Reviewed by Chris, CII-qualified equity release specialist · Last reviewed July 2026
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