Equity Release Calculator
Before you continue reading, why not try our FREE equity release calculator and discover how much value is tied into your property?
Perhaps you have the key to your retirement fortune without even knowing it!
How it Works
You calculate the amount of equity you can release from your home differently depending on which provider and the product you choose.
An independent adviser will provide you with a detailed analysis of your finances and calculated options for various equity release products you could consider.
The amount of equity you can release varies from 20% to 60%; however, many factors influence this amount, such as your age and home value.
The benefits of an equity release calculator can be significant.
A calculator will allow you to get a rough idea of how much equity you could release from your home by utilising a lifetime mortgage.
Here’re a few benefits of our calculator:
- The calculator is simple to use and will provide you with an immediate emailed result with an estimate of your potential loan-to-value2.
- You’re under no obligation to purchase any products or accept any offers.
- We keep your personal information secure, so you can rest assured our calculator is safe.
Get in on the latest equity release calculator offerings before it’s too late!
With later life mortgages growing throughout the UK every day, more than £4.8 billion has been paid out to later life lenders since 2021.
Why not find out how much you qualify for?
As experts in our field, we discuss the following in this article:
We’re constantly monitoring the equity release market to make sure we bring you sound financial information.
Use the equity release calculator today to start your journey towards increased cash flow.
Knowledge is power!
What Information Is Required To Use an Equity Release Calculator?
The calculator only requires a few simple details:
- A rough estimate of how much your home is worth.
- How much is outstanding on your current mortgage if you’ve one.
- Your contact information.
How Does An Equity Release Calculator Work?
An equity release calculator works by considering your age and property value to calculate how much equity you could release from your home.
The estimate sent to you’ll include a minimum and maximum amount that you could borrow.
Equity Release Calculator Results Explained
It’s pertinent to note that the preliminary results you get from the calculator are an estimate.
Each lender’s set of circumstances varies.
You’ll only receive a precise quote on how much you can borrow following a home valuation and a consultation with a provider or financial adviser.
Once it has been established how much you can loan, you’ll be offered an interest rate based on that amount and your circumstances.
How Do You Calculate Equity Release?
Simply multiply the LTV (loan-to-value ratio) by your property’s value. The amount you seen is the maximum you can release from your property.
How Is Interest Calculated on Equity Release?
The plan has an interest rate calculated on a fixed rate of compound interest. Interest is calculated each day but added to the loan amount monthly or yearly.
What Is the Typical Interest Rate on Equity Release?
As a general rule an equity release interest rate below 3% is outstanding, 3% excellent, 4% good, 5% being average, and 6% plus being for more substantial borrowing with the most product features.
Using an equity release calculator will give you an estimate of how much equity you could potentially unlock from your property.
While an estimate is a good starting point, we always suggest you work with your financial adviser to make sound financial decisions.
How Much Can You Release?