Release Equity Calculators

Lots of you will have heard about equity release but are reluctant to look into it further because you’re unsure how interest rates work on a lifetime mortgage. Release equity calculators are widely available online and designed to help you estimate the value of your remaining equity at various points in the future. Release equity calculators are quick and easy to use and are based on your personal circumstances and your view on house price inflation.

If you think a lifetime mortgage plan could change your life for the better then find out whether you’ll qualify with a release equity calculator. By entering your age and the value of your property, a release equity calculator will tell you firstly whether you’re suitable, and also the amount of equity you might be able to unlock from your home.

It’s important to consider both the benefits and limitations before deciding which equity release scheme is right for you. But if you’re looking for more out of your retirement, then equity release could come in very handy.

Improve your retirement years

A release equity calculator can give you a general estimation of how much money you could receive if you decide to take up a lifetime mortgage or home reversion plan. For example, if you’re 70 years of age and your home is worth £200,000, you could be looking at a tax-free lump sum of approx £73,000, keeping in mind that an release equity calculator should only be used as a guide.

Imagine how your life would change with that much tax-free money to spend on whatever you like. You could enjoy a greater disposable income, to make life easier for you without having to make any monthly payments on your loan.

What next?

If you’re happy with the figures that the release equity calculator has quoted you, you should find an independent equity release specialist who will give you a FREE no obligation quote and information pack. This will help to answer any further questions that you may have on equity release.

But remember, a release equity calculator is only designed to allow you to create an estimation of your remaining equity at various points in the future so before doing anything it would be wise to discuss it with your family and gather as much equity release information from the FSA.

For no-obligation advice on whether equity release could help you and information on the best plans please call our 24 hour helpline and speak to one of our advisors:

Or use the comments box below to ask a question.

Equity Release may involve a Lifetime Mortgage or Home Reversion Plan. To understand the features and risks ask for a personalised illustration.

Age Partnership provides initial advice at no cost and without obligation. Only if you choose to proceed and your equity release case completes would a typical fee of 1.5% of the amount released or £795 be payable.

Important things to consider about equity release:

• Equity release could affect your current or future entitlement to means-tested benefits
• Releasing equity to spend in your lifetime can reduce the amount that is left in your estate when you pass away

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