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Equity Release Calculator

An equity release scheme allows you to tap into the value tied up in your home without the need to move. If you have ever considered the potential benefits of equity release, we strongly recommend using our exclusive equity release calculator for a no-obligation estimate.

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What is an Equity Release Calculator?

Our innovative equity release calculator is a simple yet insightful online tool, which provides instant and obligation-free estimates for prospective equity release customers. Simply enter a few details to find out how much equity you could release, in accordance with the type of policy you choose.

If you are not sure exactly how much your property is worth, you can enter an approximate amount and get a rough figure of how much equity could be released.

Why Use an Equity Release Calculator?

Equity release can be a tempting prospect for homeowners looking to capitalise on the equity tied up in their properties. It is nonetheless important to establish ahead of time how much you are likely to receive if you go ahead.

There are two types of equity release available: Lifetime Mortgages (including lump sum, interest serviced and drawdown) and Home Reversion Plans. UK Property Finance offers a second to none advice service for clients looking to release equity.

What is a Lifetime Mortgage?

Lifetime mortgages enable property owners to access the equity tied up in their homes by way of either a lump-sum payment or a regular monthly income stream or a mix of the two.

Lifetime mortgages can also be used to purchase properties in the same way as a normal mortgage. 

Unlike a typical mortgage, no monthly repayments are necessary and although monthly payments can be made, the loan and all applicable borrowing costs are instead normally repaid when the property is sold after the owner moves out or dies.

What is a Home Reversion Plan?

A home reversion plan involves selling part or the whole of your property in return for a lump sum. While you will no longer own any or a part of your home you will be able to remain living there for the rest of your life rent free. The amount you are offered will generally be below market value.

Why Should I Enquire with UK Property Finance?

  • Results displayed instantaneously
  • No credit checks carried out
  • Independent expert advice
  • An easy way to explore the available options
  • No-obligation to go ahead

Working with an extensive panel of independent lenders across the UK we offer access to an exclusive range of equity release products you will not find on the High Street.

Who Can Qualify for Equity Release?

Eligibility for an equity release scheme is typically based on the property’s value and the age of the applicant. You are almost guaranteed to qualify for equity release if you meet the following basic criteria:

  • You are the legal owner of your property
  • You are aged 55 or over
  • You are a permanent UK resident
  • The property you own is in the UK
  • Your property has a minimum value of £70,000
  • Your mortgage is fully or mostly paid off
  • You intend to release more than £10,000

Additional terms and conditions apply, which may vary significantly from one lender to the next. By carrying out a whole-of-market search on your behalf, we will find the ideal equity release scheme to suit your priorities and your budget.

*Please note that certain property types do not quality for equity release.

Independent Expert Advice

It is important to acknowledge the fact that equity release is not suitable for everyone and can have an impact on the overall value of your estate. Equity release is not without its risks and presents a variety of potential disadvantages that must be carefully considered.

Use our online equity release calculator to explore the available options, before contacting the team at UK Property Finance for more information. If you choose to go ahead, we will compare competitive deals from specialist lenders across the UK to find your perfect equity release scheme.

What Other Online Calculators are Available?

UK Property Finance offers a range of simple yet insightful online calculators, including the following popular tools:

  • Mortgage Calculator.  If you plan on purchasing the property, our online mortgage calculator will help you work out how much you can afford to borrow and the monthly repayments to expect, should you go ahead.
  • Remortgage Calculator.  Whether you are looking to raise additional funds for any purpose or simply switch to a more competitive mortgage, our exclusive remortgage calculator makes it quick and easy to explore the available options. 
Last Updated: Aug 9, 2020 @ 10:37 am
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