One of the most pressing questions most homeowners have when considering an equity release product is how much equity they can actually release. If you are thinking about taking out one of the many lifetime mortgage products available or a home reversion plan, you want to know how much you are eligible to receive. This is especially true if you already have plans for the cash you’d receive. Whether you want to take an extended vacation, pay down debt, gift money to loved ones, or make a big purchase, you need to know how much you would be eligible to receive with an equity release scheme.
We can help you learn how much you could receive through our equity release calculator. We need just a few of your basic personal details and you will know what you are eligible to receive in almost no time at all.
To get started, you should have an idea of what products you are most interested in using, but you do not have to be certain. We can run calculations for you for a variety of products. For example, the amount you could release with a lump sum plan might be different than you would receive with an interest-only one. And it is certainly the case that you would likely receive a different amount with an enhanced lifetime mortgage than you would with nearly any other product, provided you qualify. We could even let you know what you might be eligible to receive if you were interested in a buy-to-let plan. If you let us know your age, property value, and the amount outstanding on your mortgage, we can let you know the results for an interest-only lifetime mortgage, drawdown lifetime mortgage, ill-health equity release products, and home reversion plans. By getting all of these estimates, you can decide which plan might be best for you, taking into account the amount you could receive and the features of the plans.
Our equity release calculator is intended to give you an idea about how equity release schemes could help you during your retirement. We encourage you to use them as a guide in your planning, but we also want you to get the advice you need to make the most educated decision for you and your family. That is why we are available to answer any questions you might have or to assist you in choosing the right plane. Please feel free to reach out to us for a free consultation. We can discuss the plans available, how they would fit into your lifestyle and what the implications of each plan would be for you and your family. We can even discuss the potential for you to still leave behind an inheritance and how one of the lifetime mortgages or home reversion plans could impact your means-tested benefits. We are available to talk in-person, via email, over the phone, or even through our live chat option. Reach out to us today for more information.
Alternatively, conduct your own research with our smartER tool. This allows you to input your personal criteria to get an exact match of results that show which plans you’re eligible for, their rates, and how much you can release with each.
