Equity Release Mortgage Calculator
Check your eligibility in minutes by completing our free Equity Release calculator, with no personal details required!
NO CREDIT CHECKS!
Find out more information about Equity Release
How does our Equity Release calculator work?
Our Equity Release calculator works by giving you an understanding of how much you could borrow with a lifetime mortgage. You will be asked about your home’s value, the outstanding mortgage amount, and the age of the youngest homeowner. This gives the calculator an idea of your situation, ensuring you get the most accurate estimate.
Remember that these figures are just an indication of what you could borrow. If you want a more accurate idea of your situation, get in touch. We will pair you with an expert advisor at our trusted business partners.
What are the different types of Equity Release?
There are two types of Equity Release; the first is a lifetime mortgage and the second is a home reversion plan. Lifetime mortgages involve you taking out a mortgage that is secured against your home. This is usually around 35% of the property’s value. options are available too. Typically, when the homeowner dies or moves into care, the loan is settled through the sale of the house.
A home reversion plan is slightly different. It involves selling a part of your home to a loan provider in return for a tax-free lump sum or smaller payments. Similar to a lifetime mortgage you are able to live in the property until you pass or move into care, and the sale of the property is used to settle the loan. Your percentage of the home will remain the same even if the property value fluctuates over time.
To find out more about your equity release options, take a look at our Equity Release guide.
Using The Mortgage Centres for your Equity Release plan
At The Mortgage Centres we have a dedicated team of brokers who are ready to guide you on your Equity Release journey. All you need to do is get in touch and we will pair you with a member of our team. They will assess your individual situation and ensure that you are met with the right product to suit your needs.
To organise a free no-obligation consultation, get in touch today.
How Does Equity Release Work?
What is the Application Process?
Find the answer to all your Equity Release questions here.
What Can My Equity be Used For?
Find out what people usually release equity for.
How Have The Mortgage Centres Helped people?
Discover how we’ve helped people and what they have to say.
What Costs are Involved with Equity Release?
Learn about the costs you can expect to pay when you release equity.
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Calculators
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Phil Scott
Director
About the author
Phil has worked in the financial services industry since 1992, having started with a large insurance company. He went self employed in 1996 as an Independent Financial Adviser before setting up his first company, Needham Market Home Financial in 1999.
After four years, he decided to concentrate solely on mortgages and related insurances, and The Mortgage Centres was born. Since then, Phil has been influential in the opening of several new offices as the business continues to grow.
Qualifications
Financial Planning Certificate: 1,2 & 3
Year Attained: 1992
Certificate in Mortgage Advice and Practice (CEMAP)
Year Attained: 2001
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