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What is Equity Release?
Equity release is a financial term for a group of products that allow you to unlock the capital1 invested in your home.
It can be either a lifetime mortgage product or a home reversion scheme.
The lump-sum amount released is tax-free.
How it Works
You calculate the amount of equity you can release from your home differently depending on which provider and product you choose.
An independent adviser or broker 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 30.9% to 59.3%; however, many factors influence this amount, such as your age and home value.
The Pros
The benefits of an equity release calculator can be significant.
A calculator will allow you to obtain an approximation of how much equity you could release from your home by utilising a lifetime mortgage.
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 are 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.
5 Easy Hacks for Using a Home Reversion Calculator in 2024
- Last Updated: 14 Oct 2024
- Fact Checked Our team recently fact checked this article for accuracy. However, things do change, so please do your own research.
Written By
Katherine ReadEdited By
Rachel WaitReviewed By
Paul Derek SawyerContributors:
Are You Looking to Release Equity With a Home Reversion Scheme? Learn How to Use a Home Reversion Calculator and How Much Equity You Can Unlock. Read On…
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⏳ See How Much You Can Release in 3 Quick Steps
Have you avoided looking into home reversion because you do not know how much you can get?
In the ever-changing world of equity release, it is difficult to know what to expect.
Why not use a home reversion calculator and obtain an almost instant estimate on how much money you can release with home reversion?
In This Article, You Will Discover:
Our specialist economic journalists at EveryInvestor spend extensive time keeping updated on the latest home reversion market trends so we can bring you the most current information.
Therefore…
How to Compare Different Equity Release Schemes Using Calculators
Equity release calculators allow you to compare various schemes by estimating how much equity you can unlock from your home.
Different schemes, such as home reversion and lifetime mortgages, will yield different amounts based on factors like property value and age.
By comparing these estimates, you can decide which scheme best fits your needs.
These calculators are especially helpful for getting a broad sense of how each scheme works financially.
Once you have gathered your estimates, it is wise to consult a financial adviser to discuss the long-term implications and which scheme offers the most value for your situation.
Where Can You Find a Home Reversion Plan Calculator?
You can find a home reversion plan calculator right here on our page. Why not try it now?
Our calculator is quick and simple to use; enter your details, hit submit, and receive your results in seconds.
How Much Can I Receive With a Home Reversion Plan?
You can receive between 20% and 60% of your home’s market value2.
This will depend on your age, property market value and how big a share in your home you want to sell.
How to Use a Lump Sum Equity Release Calculator
A lump sum equity release calculator allows you to estimate how much cash you can unlock from your property in one go: Simply enter details like your property value, age, and any existing mortgage.
The calculator will provide an estimate of the lump sum available, helping you to plan how much equity you can access.
This tool is particularly useful if you are looking for a one-off payment, rather than smaller, regular withdrawals.
It may be suited to those who need to pay off debts, fund home improvements, or support their lifestyle in retirement.
Just keep in mind that the amount you can release depends on factors like your age and property value.
How Will I Receive My Money?
You can receive your money as a one-off lump sum, or regular access to a cash facility.
Common Questions
How Does a Home Reversion Calculator Work in the UK?
A home reversion calculator in the UK is a tool that helps you estimate the amount of equity you can release from your property through a home reversion plan.
It uses key factors such as your age, property value, and the percentage of the property you are willing to sell to calculate the potential release amount.
By inputting these details, you can obtain an approximation of the lump sum or regular income you may receive in exchange for a share of your property.
Where Can I Find a Reliable Home Reversion Plan Calculator Online?
To find a reliable home reversion plan calculator online, it is recommended to visit reputable financial websites, equity release comparison platforms or official websites of equity release providers.
These platforms often offer accurate and up-to-date calculators that provide an estimate of the equity you can release.
Additionally, it is advisable to use calculators from well-known and trusted sources to ensure the accuracy of the results.
What Information Do I Need to Use a Home Reversion Calculator?
To use a home reversion calculator, you typically need to provide some basic information such as your age, the current value of your property, and the percentage of the property you are willing to sell.
This information helps the calculator determine the potential equity release amount you may be eligible for.
Additionally, some calculators may ask for additional details regarding your health or lifestyle, as these factors may impact the amount you can release.
How Accurate is a Home Reversion Calculator?
Whilst home reversion calculators provide an estimate of the potential equity release amount, it is important to note that they may not be 100% accurate.
The accuracy of the calculator depends on the inputs provided and the assumptions made by the calculator algorithm.
However, reputable calculators are designed to provide a reasonably accurate estimate based on the information provided.
To receive a more accurate figure, it is advisable to consult with a financial advisor who can consider your specific circumstances and provide personalised advice.
Can a Home Reversion Plan Calculator Help Me Understand My Equity Release Options?
Yes, a home reversion plan calculator can be a helpful tool in understanding your equity release options. By using a calculator, you can obtain an estimate of the equity release amount you may be eligible for through a home reversion plan. This can help you evaluate whether it aligns with your financial goals and needs.
However, it is important to remember that a calculator is just one part of the equity release decision-making process.
Seeking advice from a qualified financial advisor is crucial to fully understand the implications and suitability of different equity release options for your individual circumstances.
Home Reversion Plan Calculators: Briefly
If you are considering home reversion and want to know how much you could get, it is best to use an online home reversion calculator to obtain an estimate.
We always promote responsible lending and encourage our readers to seek advice from an accredited financial adviser3 before making any decisions.
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How Much You Can Release?
See How Much You Can Release in 3 Quick Steps
- It's Fast & Easy to Use
- Rated 'Excellent'
- Instant, online results
- No obligations
- Just fill in a few details and we'll do the sums for you
- See the maximum amount you could borrow
See How Much You Can Release in 3 Quick Steps
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