Equity Release Calculator | Drawdown Lifetime Mortgage

Why the Online Equity Release Calculator is your First Port of Call

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When making a financial decision it pays to know some facts beforehand. Have you ever made a purchase, almost made a purchase, or came close to something only to find after several hours of talking with people you are unable to finish the deal? With lifetime mortgages and equity release products like home reversion there are qualifications you have to meet. Once you meet those qualifications you also want to know if it is a viable option for you. Instead of talking with a sales person who might take a lot of your time, waste it even, you can get […]

Introducing an Equity Calculator for Pensioners

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Equity Release

Retirement is a great time in your life. You worked hard to reach this age as a way to enjoy life. You enjoyed life before, but now you have the freedom you have not had since you were a kid looking to enter school. Actually, not even then, because you had parents telling you what to do. At retirement you no longer have a boss, parent, or other person telling you what to do and huge consequences if you do not fall in line. Yet, statistics have shown that UK retirees have not saved up enough during their working life […]

How Much of a Lifetime Mortgage Can I Borrow?

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Equity Release

Conventional mortgages are available through a great number of high street banks and other financial institutions. They have basic qualification criteria including income levels and property value to loan ratios, which enable people to borrow money in exchange for a part ownership of the property. The question of “how much can I borrow?” Is usually a matter of multiplying your annual salary by a set number of times to determine the maximum amount. The loan is repaid over a set number of months or years on a capital repayment or interest only basis. This arrangement is confirmed between the lender […]

Use an Enhanced Equity Release Calculator

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Equity Release

For many retired people, being on a fixed income can be a little difficult especially in tough economic times, with quantitative easing and high rates of inflation. This situation can be made more stressful when you are suffering from ill health or a terminal illness. However, there are now a number of equity release providers who offer enhanced schemes for people in this situation. This allows the home owner to release a greater percentage of the equity from their home because their potential lifespan has been compromised by their impaired condition. An enhanced equity release calculator can assess the details […]