# Voluntary Repayment Calculator

## Discover the Calculator For Voluntary Repayment

Do you want to have some inheritance for your family once you pass away? But are you wondering if youâ€™ve taken out equity that theyâ€™ll get it? Hereâ€™s a detailed guide in how you can calculate how much money youâ€™ll have for an inheritanceâ€¦

Do you want to have some inheritance for your family once you pass away? But are you wondering if youâ€™ve taken out equity that theyâ€™ll get it? Hereâ€™s a detailed guide in how you can calculate how much money youâ€™ll have for an inheritanceâ€¦

The voluntary repayment lifetime mortgage1 can help you to have an inheritance for your family in the future. This type of lifetime mortgage plan is a very new innovation within the equity release market. Itâ€™s also a very flexible plan because you can manage your equity release planâ€™s balance in the future.

Simply put:

This plan allows you to repay 15% maximum of your initial balance annually. This can happen at your own time, so whenever you have the money to repay it or whenever you get the time. Itâ€™s very flexible for your convenience.

Now:

If youâ€™re able to make repayments (be it monthly, annual or ad hoc payments) youâ€™ll see a massive difference in the total amount youâ€™ll have to pay when your plan ends.

What does this mean for you?

You need to know what amount you can save up with this type of equity release lifetime mortgage plan. How do you do that? Simply use the voluntary repayment calculator.

## How Does The Voluntary Repayment Equity Release Calculator Work?

You want to make sure your heirs will get a decent inheritance. And now you want to find out how much money youâ€™ll save through repayments. Thatâ€™s what the Voluntary Repayment Equity Release Calculator is for! You can quickly get an idea of how much money you can save throughout your lifetime mortgage through voluntary payments. The calculator just needs a few details about you.

Let me tell you more.

The details youâ€™ll need to input into the calculator are:

• How much money youâ€™ll be loaning/releasing
• The interest rate of your chosen plan/mortgage
• How much youâ€™ll repay annually (this amount can be up to 15% of your loan per year)

The calculator will then show you your results. In other words, itâ€™ll show you how much youâ€™ll save with a few scenarios: with making repayments and without making repayments. This way, you can see how much money youâ€™ll save and how much youâ€™ll need to repay to save that amount. And, the money you save will be or could be inherited by your family.

## What Are Voluntary Repayment Lifetime Mortgages?

Voluntary repayment lifetime mortgages are a very new innovation, and they offer you fantastic flexibility. When you take out one of these mortgages, youâ€™ll be able to manage your equity release plan balance in the future. Isnâ€™t that great?

How can this be?

Well, because they let you pay back up to 15% of your initial annual balance. You can make repayments any time you can or want to.

## Letâ€™s Compare Some Voluntary Repayment Lifetime Mortgages

You can always research the wide variety of voluntary repayment lifetime mortgages on the market today. Itâ€™s still good to look at plan interest rates2, features from all the providers in the equity release market.

This table shows some of the popular providers and their plans so that you can compare them. However, there are many more plans for all of these providers that you can compare.

## Common Questions

âœ…Whatâ€™s a Voluntary Repayment Calculator?
âœ…Whatâ€™s a Voluntary Repayment Lifetime Mortgage?
âœ…How Do I Calculate the Amount Iâ€™ll Receive From My Voluntary Repayment Mortgage?
âœ…How Can I Use a Voluntary Repayment Calculator?

## In Conclusion

If youâ€™re seriously considering or wondering about taking out an equity release plan, this voluntary repayment calculator is an excellent tool to use. Itâ€™ll show you how much youâ€™ll be able to save when you make repayments, and itâ€™ll show you how much youâ€™ll save without making repayments. You can then compare and assess if itâ€™s a good option for you or not.

How Much Can You Release?

ER Calculator

(Drag the Slider)

0

We Hate Spam as Much as You. 100% Secure.

Search