The Equity Release Calculator has now become an intrinsic part of anyone’s research into equity release schemes. Prior knowledge of calculating the maximum equity release possible is necessary to establish whether you can release sufficient equity from your property.
These London Equity Release calculators uniquely provide three results; the roll-up lifetime mortgage calculator produces the maximum release for both Standard & Enhanced Lifetime Mortgage plans. The interest only lifetime mortgage calculator will advise how much could potentially be borrowed if monthly repayments are required. Chose your equity release calculator here…
How much equity can I release?
Both the roll-up lifetime mortgage calculator & interest only lifetime mortgage calculator will advise the maximum equity release you could borrow based on the following personal criteria:
- Property valuation – as the amount you can borrow is a percentage of your property value, an estimate of your current property value is necessary. This information can be available on websites such as Zoopla.co.uk
- The age of the youngest homeowner – the equity release lender will need age as their actuaries will calculate potentially how long the lifetime mortgage or home reversion has to run. This will help determine the percentage they can lend.
- Your health and lifestyle situation – enhanced lifetime mortgages now can offer a greater maximum lump sum if it can be evidence ill-health has persisted. The equity release calculator will take this information into account.
- Proof of Earned income – will be required for interest only lifetime mortgage plans. Under new MMR rules lenders now must be even more stringent with assessing applicants affordability levels. Interest only calculations are ultimately assessed on this basis now.
Equity release advice
London Equity Release are here to offer impartial and accurate equity release calculations and advice based on your own personal criteria.
Should the results from our equity release calculators meet your requirements, you may wish to book an appointment with your local equity release London adviser who can provide a FREE no obligation initial appointment in the comfort of your own home. Your specialist will run through your requirements & ascertain & recommend which equity release scheme is best for you.
If the calculator results do not provide the required amount, we may have alternative ways for you to release equity. If so, please contact us on 0800 028 3034 or complete our online contact form.
Further information about equity release
The following website links can provide further key retirement solutions to a release of equity from your home…