Age determines the amount of money that you get as equity on your estate. The older you are, the higher the lump sum payout. However, once the equity release companies buy the equity, the profits one gets are dependent on how the property market will behave in the future. And equity release calculator works just great for these calculations
Your age matters a lot when the amount of money that you will be receiving every month is being calculated. A person who is 65 years old will receive a higher monthly income compared to someone who is 60 years. This difference in the two incomes is too high that the person who is 60 years would rather wait for 5 years in order to get a very enticing equity release UK deal. 
The age factor is significant in very many ways as far as equity release UK arrangements are concerned. There is no upper age limit as far as incomes are concerned. You have the freedom to own and live in your home all your life.