Equity Release Calculator | Renew Advice


Property value


Mortgage needed


About us

Renew Advice is a trading style of Renew Financial Management who help over 20,000 a year plan for their futures and protect the lives of themselves and loved ones.

We guarantee that by choosing Renew Advice you will receive…

  • A step by step guide through the home buying process
  • A complete advice and recommendation service from our Financial Advisers who have over 50 years combined experience
  • Access to a wide range of mortgage products from a panel of high street lenders as well as having access to more specialised lenders depending upon your individual circumstance
  • Protection advice to keep you, your family and your home safe

Find out more

Types of Mortgages

Residential Mortgage

Residential mortgages are the largest form of borrowing in the UK. It’s a mortgage taken out by one or more individuals to purchase a home to reside in. Get the best Residential Mortgage for your needs with Renew Advice.

Fixed Rate Mortgage

This type of mortgage gives a fixed repayment each month for a number of years, typically between 2 and 5 years (the amount of time it is fixed for), this can protect homeowners from rising interest rates, however you will not benefit from falling interest rates.

Tracker Mortgage

This type of mortgage is linked to the Bank of England’s base rate, with a pre-agreed mark up. For example, if the base rate is 0.5%, and the markup is 2%, you will pay 2.5%

Variable Rate Mortgage

This type of mortgage can be subject to interest rate changes at the discretion of the lender, this means at times your mortgage repayments will increase. However, industry standards and the fear of bad publicity stops lenders increasing rates too suddenly or dramatically.

Buy to Let Mortgage

If you are looking to purchase a property specifically with the intention of renting the property to someone else, this is the mortgage you need. Renew Advice has significant experience with Buy to Let mortgages.

Interest Only Mortgage

An interest only mortgage is a mortgage where you are not making repayments towards the principal loan amount, so you will never own the property. It is simply paying the interest on the mortgage. It is a way of affording a property, and reducing the monthly repayments to an affordable level.

Mortgage Advice from our local advisers

  • A friendly, local service from a Newcastle upon Tyne based family run company
  • A dedicated point of contact to handle your case
  • Face to face Zoom calls or visits in your own home or at our office if you prefer
  • Telephone and email advice at any time
  • A friendly service, that is big enough to get results but small enough to genuinely care

Find out more

equity release adviser equity release mortgages adviser adviser remortgage to release equity adviser


Equity Release Mortgage testimonial-image

Very helpful and I would recommend it to some one else in the future very nice people I’m happy

Anthony M

Equity Release Mortgage testimonial-image

Excellent service and knowledgeable staff

Mr Liam R

Equity Release Mortgage testimonial-image

I am happy with the experience, the consultants were very professional and informative, thank you

Lesley D

Equity Release Mortgage testimonial-image

The information was very accurate, and the people I talked to very clear and understanding.

Mr Rene P

Case Studies

Brenda and George

Brenda and George had to make some adjustments to their bungalow and in doing so incurred a credit card debt and an outstanding loan. George sadly has Parkinson's Disease and Brenda has had to return to working part time in order to fund his £600 per month home care package.

Brenda’s ideal is to stop working and care for George herself. With the help of an Enhanced Equity Release Lifetime Mortgage this has become reality.

Case Studies

Get to know Renew Advice

We can guarantee a caring, friendly, superb service from professional individuals who will work with you to achieve your dreams of being able to remortgage to equity release, you can also rest assured that with our parent companies position in the financial industry, we are able to access exclusive deals with leading plan providers.

About Us

triangle-shaped image

Latest News View all news view more arrow

Why choose Renew Advice?


Renew Advice is a trading style of Renew Financial Management, who help over 10,000 people…

Read more view more arrow
Equity Release Case Studies


*The purpose of this case study is to provide technical and generic guidance and should…

Read more view more arrow
What is Equity Release?


Equity release enables you to access the equity (cash) tied up in your home. To…

Read more view more arrow

Renew Advice