Lifetime Mortgage Calculator
At Age Partnership we have developed an easy to use lifetime mortgage calculator to enable you to work out the effect that a lifetime mortgage would have on your estate.
If you're considering releasing equity on your home then it's useful to have an idea of how much equity you will have remaining at the end of your loan period. Our lifetime mortgage calculator is simple and quick to use. The results will show the remaining equity value in your property so that you can consider what effect this might have on your beneficiaries. Remember that house prices can plummet as well as go up, and that future rises in value aren't guaranteed. No monthly mortgage payments will ever be required and that negative equity will never be charged as a debt to your estate.
To use our lifetime mortgage calculator all you need to know is the amount of equity you are considering releasing and the loan period you had in mind, which can be anything up to 30 years. In seconds, you'll have an idea of the equity you're likely to have remaining on your estate at the end of your loan period.
To qualify for equity release you must be aged 55 years or more (60 years of age for a home reversion plan). Always think carefully about this information and the results you find using our lifetime mortgage calculator before you decide whether or not to go ahead. If you're unsure about which equity release plan is right for you, talk to one of Age Partnership's specialists.
Remember when using our lifetime mortgage calculator the figures you enter rely on your own best estimates of your house value, interest rates and future inflation, which may or may not prove to be accurate. For more specific information call Age Partnership on 08080 555 222
Because Age Partnership wants to make sure you become as informed as possible before making a decision about equity release we have also put together an information pack, which explains more about equity release and the different plans we can recommend. To receive your pack by post visit our lifetime mortgage calculator page.
Call us today on freephone 08080 555 222 to find out how equity release could help you.