Why is it important to have expert financial advice when taking out an equity release plan? We are members of the Equity Release Council and we only compare plans approved by them, so you have all the safeguards they cover. The most popular type of equity release is called a lifetime mortgage, which is a loan secured on your home. Equity Release > Equity Release Calculator. Learn more here. Our equity release calculator is free and easy to use; Instant online results; We recommend plans which meet the Equity Release Council standards and compare plans from the whole market, including: Guide. Brush up on your financial knowledge with our useful articles and guides. Borrowing power: The loan amount has been calculated based on the information input by you, and information sourced by third parties. We work with Responsible Life to provide our Later Life Lending Service. Equity release is a big financial decision. Find out how much you could borrow by selling a percentage of your property for a cash lump sum. Equity release allows you to unlock the equity in your home without having to sell up and move out of your house so that you can have money to spend on whatever you want or need. Your local expert adviser is on hand to answer all your questions and find the right plan for you. Compare the UK's leading equity release schemes, advice and plans. They'll help you to consider the available options. We work with Responsible Life to provide our Later Life Lending Service. In the UK, a homeowner over 55 unlocks £91,667 tax-free cash every 12 minutes. What should you be thinking about before taking the next step? In 30 seconds see how much equity you can release. Last Updated: 26 Dec 2020 (Rated from 17424 reviews) It’s quick. PRODUCTS. Lifetime mortgages, (the most popular type of equity release plans), are a way for homeowners who Equity Release Calculator If you’re over 55 and want to be able to release some of the value of your home, equity release can help. To get an idea of the maximum you could borrow with equity release, you simply need to input the Our Home Finance options allow you to release a cash lump sum from your main residence, Buy-to-Let property or second home and the money you release is tax-free. Give our equity release calculator a go Our calculator will give you an idea of just how much money you could release from your home. Information and qualifying criteria on these lifetime mortgages here. Equity release. Learn how they work. Equity release requires paying off any existing mortgage. See what your options could be with our equity release calculator. Equity Release Calculator Find out how much equity you could release from your property by using our Equity Release Calculator. Online equity release calculators are only able to give an estimate. Seek independent financial advice. If you’re a homeowner aged 55+ and looking for ways to release some funds in your later life, perhaps to fulfil some long-held dreams, or to renovate your home, equity release might be for you. All you need to do is enter the estimated value of your property, along with your age and whether this is a joint or single application and our calculator will work out how much you could raise. A Lifetime Mortgage may impact the value of your estate and could affect your entitlement to means tested benefits. Working together for you We work with Responsible Life to provide our Later Life Lending Service. All of our equity release calculators are listed at the side of this page. On average, people who use the SunLife Equity Release Service access an interest rate of 3.39% 1. There are protections and safeguards in place to ensure that equity release is safe. John advises business, individuals, and organisations on pension planning. They are specialists who help customers aged 55+ release money from their homes. Drawdown is the most popular lifetime mortgage. Secondly the maximum you could borrow with an interest only plan (where the accruing interest on the plan is repaid monthly) and lastly the amount that could be available to you if you have a pre-existing health condition, through an enhanced plan. No personal Details required. How much can you unlock from your home? Find out what’s involved and how long it takes. 1286 reviews, We use cookies to offer the best website experience. Our Later Life Lending Service allows you to consider the available options. Equity release and mortgages for over 55s, Managing your finances in difficult times, Find out how much equity you could release from your home in minutes. 'Home equity release' lets you access some of your equity, while you continue to live in your home. For example, if your home is worth £300,000 and you have fully repaid your mortgage, then you Yes, Calculate My Equity Release Now! More information about Responsible Life and how your information is processed is available on their privacy notice. The equity release calculator provided by Responsible Life can give you an estimate of how much you could release from your home. If you’re in the early stages of researching equity release schemes, an equity release calculator is an invaluable tool to help calculate the maximum equity release on your home. in keeping with figures printed by the Equity unleash calculator, the … One of the first things you probably want to know is how much you could get if you took out equity release. Equity Release Calculator. Using equity release calculator This calculator has three inputs: age of the youngest homeowner, property value and outstanding mortgage balance (including secured loans). As a reminder – equity release is a way of turning some of the value from your home into tax-free cash. Lifetime Mortgages page. RIO Mortgages continue into retirement based on income and affordability. Not all calculators are identical, but in general, clients will have to answer two main questions: The Estimated Value of The Property Company number 7162252. Borrowing power calculator. For homeowners over 55 that want to access the money tied up in their home. To help you understand how equity release could affect you in the future, we’ve also developed a Using the calculator only takes a … Get a quote within seconds. Only if you choose to proceed and your case completes will Responsible Life charge an advice fee, currently not exceeding £1,490. Find out the maximum monthly income you could receive on this special type of lifetime mortgage. You can take the money as a lump sum, series of lump sums or as a regular income. More details here. Supermarket. Equity Release > Equity Release Calculator. following: We need this information as these are the criteria that lenders use when deciding how much money EquityReleaseCalculator.net helps by providing You merely enter your age, the worth of your property, any outstanding mortgage, and that we will calculate an indicative level of equity release for your situation. Royal London Marketing Limited is authorised and regulated by the Financial Conduct Authority, registration number 302391. Compare available plans and rates here. Our free equity release calculator will give you an idea of how much tax-free cash could be unlocked from your home. All you have to do is fill in some basic information about your individual circumstances, and you will be shown an instant quote. Use our mortgage equity calculator to work out the equity in our home and then check if you can get a cheaper mortgage or release money from your home. 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