Enter whether this is a single or joint application - if you are applying just in your name then it is a single application, but if you want the application in both yours and someone else’s name, then it’s a joint application. Please remember that they are only a guide. One of the first things you probably want to know is how much you could get if you took out equity release. Online equity release calculators are only able to give an estimate. Equity Release > Equity Release Calculator. PRODUCTS. By continuing to use the site you are agreeing to our use of cookies. Find out how much money you could borrow when taking out a lifetime mortgage against your buy-to-let property. Due to regulation, the Halifax Retirement Homeplan was required to be classified as a Lifetime Mortgage, and therefore, subject to industry regulation, requiring it be moved from mainstream mortgage brokers to specialist intermediaries. The firm is on the Financial Services Register, registration number 117672. How to use this calculator EquityReleaseCalculator.net helps by providing Find out the maximum you could borrow with a retirement interest only mortgage (RIO) – a residential mortgage, based on income that allows you to borrow on an open - ended basis into retirement. 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. The most common type of equity release product is a Lifetime Mortgage, though other types of later life lending also allow you to take advantage of your home’s value. 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. Enter your age - you will need to be at least 55 to be eligible for equity release.. 2. Use our equity release calculator to see how much money you could unlock from your home. Whether you’re looking to make home improvements, top up your retirement income or facing a mortgage shortfall, you may be able to benefit from a tax-free cash lump sum or access to a flexible borrowing facility. Equity Release Calculator. Find out how much money you could release with a drawdown lifetime mortgage. Using equity release calculator This calculator has three inputs: age of the youngest homeowner, property value and outstanding mortgage balance (including secured loans). Compare the UK's leading equity release schemes, advice and plans. The amount shown is only a guide, and it represents the most you could get with a lifetime mortgage, which is a loan secured against your home. Depending on your personal and financial criteria, the calculator will provide you with maximum release figures for; lifetime mortgages, interest only lifetime mortgages and ill-health lifetime mortgages. This is why they’re called lifetime mortgage calculators. Lifetime mortgages, (the most popular type of equity release plans), are a way for homeowners who 'Home equity release' lets you access some of your equity, while you continue to live in your home. Compare the UK's leading equity release schemes, advice and plans. At the moment, equity release interest rates are at the lowest rate in five years. Find out how much you could release with the equity release calculator. The maximum amount primarily depends on your age and the value of your home. 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. Equity release is only available to those aged 55 and over. Learn more here. The calculator will give you an approximate idea of how much equity you might be able to release with a lifetime mortgage. No credit check. If you choose a mortgage with required repayments during your lifetime then your home may be repossessed if you do not keep up with the payments. To get an exact figure, it’s best to give us a call. Helps you understand how much money could be left as an inheritance when your lifetime mortgage ends. Depending on your personal and financial criteria, the calculator will provide you with maximum release figures for; lifetime mortgages, interest only lifetime mortgages and ill-health lifetime mortgages. Information and qualifying criteria on these lifetime mortgages here. 4.9 out of Our Later Life Lending Service allows you to consider the available options. 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. These are lifetime mortgage and home reversion schemes. The equity release calculator provided by Responsible Life can give you an estimate of how much you could release from your home. To get the best experience when using this site, please update to the most recent version. What is the equity release process? As you’ve probably realised by now, we’re invested in helping people like yourself understand a little bit more about how equity release options work. Find out how much money you could potentially release with an interest-only lifetime mortgage. to use our ‘Compare Deals’ functionality which is only available at Equity Release that you can get an idea of how much money you could receive across all the different lifetime Royal London have chosen Responsible Life to provide our customers with advice on Later Life Lending products. An equity release calculator enables you to determine how much money you can release from your home. A flexible cash reserve allows you to receive money in smaller amounts. Learn what the other qualifying criteria are for equity release. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. However, depending on your circumstances, there are many plans available with rates lower than 3%. 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. Registered in England & Wales. Your local expert adviser is on hand to answer all your questions and find the right plan for you. As you’ve probably realised by now, we’re invested in helping people like yourself understand a little bit more about how equity release options work. An equity release scheme allows you to tap into the value tied up in your home without the need to move. Equity release can provide a lump sum to help you pay off an existing mortgage, fund home improvements, help family members onto the property or just enjoy retirement. John Lawson. A question we are often asked is how does the initial amount taken out increase over the years. The most popular equity release scheme. Try our equity release calculator to find out home much equity you could release from your … However, depending on your circumstances, there are many plans available with rates lower than 3%. Find out how much money you could release from your home. An equity release calculator is a piece of software that will enable potential customers to get an estimate of how much equity they could release from their property. Find out more about what our mutuality means to us and for you. This is why they’re called lifetime mortgage calculators. Lifetime mortgage where regular interest repayments help control the final balance to be repaid. Not all calculators are identical, but in general, clients will have to answer two main questions: Supermarket. of the maximum you could borrow? Equity Release Supermarket They are specialists who help customers aged 55+ release money from their homes. Mortgages that continue into retirement based on income and affordability. mortgages available as well as from retirement interest-only (RIO) mortgages. If you used our calculator to work out how much equity you can release from your house, you can compare equity release mortgages here. following: We need this information as these are the criteria that lenders use when deciding how much money Brush up on your financial knowledge with our useful articles and guides. How much can you unlock from your home? Using the calculator only takes a … Whether you’re looking to make home improvements, top up your retirement income or facing a mortgage shortfall, you may be able to benefit from a tax-free cash lump sum or access to a flexible borrowing facility. An equity release plan is a potential retirement planning option for the homeowners. You could release money from your buy-to-let investment portfolio. Equity release may involve a lifetime mortgage or a home reversion plan. Learn how home reversion schemes work here. Compare available plans and rates here. Our equity release calculator makes it incredibly simple to find out if you are eligible, and there’s no obligation, it’s entirely your decision. release calculator range. You can quickly calculate how much equity you could release from your home with our equity 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. If you’re ready, why not call them now? Require monthly interest and or capital repayments. You get an estimate in minutes, plus a guide to equity release. More information about Responsible Life and how your information is processed is available on their privacy notice. Read more about how they work and the different types of plans that are available on our There are no credit checks required to do your Equity Release quote. Equity release is a way for UK homeowners aged 55 and over to convert a portion of their home’s value into money in the bank. Equity Release Calculator . Find out what’s involved and how long it takes. 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. Seek independent financial advice. 1. Find out the maximum monthly income you could receive on this special type of lifetime mortgage. Equity release may involve a lifetime mortgage or a home reversion plan. You get an estimate in minutes, plus a guide to equity release. Not all calculators are identical, but in general, clients will have to answer two main questions: The Estimated Value of The Property As a reminder – equity release is a way of turning some of the value from your home into tax-free cash. John advises business, individuals, and organisations on pension planning. Try our equity release calculator to find out home much equity you could release from your … Toggle navigation. Estimate Property Value £ Age of home owner Calculate Result £ Calculations are for guidance only. When you reach age 55, you'll find three main ways to enjoy the money you've saved. Why is it important to have expert financial advice when taking out an equity release plan? RIO Mortgages continue into retirement based on income and affordability. Equity release calculator This calculator helps you see how much equity you could release with a lifetime mortgage, a loan secured against your home. An equity release calculator is meant to calculate the maximum release equity that you could potentially release from your property. An equity release plan is a potential retirement planning option for the homeowners. Firstly the amount available to borrow as a single lump sum. Think carefully before securing other debts against your home. For example, you may want money for home renovations, medical expenses or to help with living costs. Equity Release is a way for you to unlock tax-free cash from your home. Learn how these lifetime mortgages work. 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. To get an idea of the maximum you could borrow with equity release, you simply need to input the To understand the features and risks ask for a personalised illustration. Equity Release Calculator. The equity release calculator results present you with 3 options. Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. Equity Release > Equity Release Calculator. The most popular type of equity release is called a lifetime mortgage, which is a loan secured on your home. Lifetime Mortgages page. Income plans allow you to supplement your retirement income. Equity Release Calculator Find out how much equity you could release from your property by using our Equity Release Calculator. However, if you're a homeowner in more pressing need, it's worth speaking to a mortgage broker about the possibility of remortgaging, or even contacting a financial adviser if your situation is particularly complicated. Registered in England and Wales number 4414137. Your free equity release guide gives you all the facts you need to make the decision that’s right for you. Borrowing power calculator. To calculate how much money you could get, the equity release calculator will need access to personal details such as: The age of the youngest homeowner in your property. 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. interest-only plan (where you make monthly interest repayments). To calculate the maximum loan available on an equity release plan, we require the age of the youngest homeowner and the property value. Your equity release calculator results not only show you how much you could borrow with a On average, people who use the SunLife Equity Release Service access an interest rate of 3.39% 1. Last Updated: 26 Dec 2020 (Rated from 17424 reviews) It’s quick. Most kinds of equity release calculator online are free to use. Then use our calculator to show your maximum equity release. Responsible Life's registered office is: Unit 8, ABC Killinghall Stone Quarry, Ripon Road, Harrogate, HG3 2BA. See instantly how your property wealth could work for you More details here. How much money could I release? not learn more about our range of plans first? To understand the features and risks, ask for a Personalised Illustration. It takes less than a minute to fill in a few details and you can see an estimate of the amount that you could release. Equity release is a way of releasing cash (equity) from your home while you still live there. Drawdown is the most popular lifetime mortgage. All of our equity release calculators are listed at the side of this page. For homeowners over 55 that want to access the money tied up in their home. Income periods of between 10 - 25 years are available to meet your retirement income needs. If your home is worth £300,000, the maximum equity release is £135,000 (£300,000 x 45%). Learn all about equity release. Our free equity release calculator will give you an idea of how much tax-free cash could be unlocked from your home. We work with Responsible Life to provide our Later Life Lending Service. Learn how they work. To help customers decide whether equity release is right for them, a number of companies provide a free equity release calculator to show a rough estimate of the amount of equity that could be released. Most equity release calculators base their calculation on a lifetime mortgage (as this is the most common type of equity release). If you're not sure, get a … Our website allows you the freedom of information to see what equity release products are currently on the open market and we also have an equity release calculator that allows you to understand the maximum amount you can release from your property. Equity release may not be your only solution. Find out how Royal London manages your personal data. A Lifetime Mortgage may impact the value of your estate and could affect your entitlement to means tested benefits. You can also try our equity release calculator provided in partnership with our broker Responsible Equity Release. Our lifestyle calculator will advise how much you could release. The maximum amount primarily depends on your age and the value of your home. If you’d like to research all the lifetime mortgages that are currently available, then feel free Royal London have chosen Responsible Life to provide our customers with advice on Later Life Lending products. Last Updated: 26 Dec 2020 (Rated from 17424 reviews) It’s quick. If you’re aged 55+, try our simple equity release calculator and get an instant idea of how much money you could release. 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. It's really simple to use and you'll be up and running in no time. There are protections and safeguards in place to ensure that equity release is safe. 1286 reviews, We use cookies to offer the best website experience. We work with Responsible Life to provide our Later Life Lending Service. It involves securing a lifetime mortgage against your property or a home drawdown product. This calculator will provide an indication of the maximum amount you may be able to release with a lifetime mortgage, which is a type of equity release. Learn more about the various types of later life lending plans available to homeowners over the age of 55. Despite the very fact that anticipation within the UK has […] We'll ask you to register your details to show you the calculation, then give you a call. Equity release is a big financial decision. Find out how much equity you could release with our Lifetime Mortgage Calculator. Find out how much equity you may be able to access from your home loan. Simply choose your age, property type and estimated property value. What is an equity release calculator? 5 by Feefo.com based on Toggle navigation. The equity release calculator provided by Responsible Life can give you an estimate of how much you could release from your home. Learn about how they work and the range of flexible plans available. No personal Details required. Most equity release calculators base their calculation on a lifetime mortgage (as this is the most common type of equity release). It's important to understand the features, costs and risks of a lifetime mortgage. Responsible Life are not part of the Royal London Group. Already have a lifetime mortgage? Yes, Calculate My Equity Release Now! You can do this via a number of policies which let you access – or 'release' – the equity (cash) tied up in your home, if you're 55+. money you could get using an enhanced plan (if you have any health conditions) and an Equity Release Compound Interest Calculator Using an equity release compound interest calculator can help you understand the way interest works on a roll up lifetime mortgage. Lifetime mortgages are available to homeowners aged 55 or over. Make ad-hoc repayments which can help manage your final balance to be repaid. Home » Mortgages » Mortgage Calculator » Equity Release Calculator. How home equity release works 'Equity' is the value of your home, less any money you owe on it (on your mortgage). If you’re not sure, why Understand what they are and how much you can borrow. You can release money from your second or holiday home. lifetime mortgage (the most popular type of equity release plan), but you can also see how much John Lawson. Try our free Equity Release calculator What is Equity Release? Many factors determine the size of your equity release loan. You get an estimate in minutes, plus a guide to equity release. Equity release is a regulated financial product with strict policies in place for selling them. Equity release calculator. You don’t need to have fully paid off your mortgage to do this. Your drawdown equity release calculator results are shown instantly and all in an easy to read table. The "catch" is that the income-provider must be repaid at a later stage, usually when the homeowner dies. In the UK, a homeowner over 55 unlocks £91,667 tax-free cash every 12 minutes. 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. Using our lifetime mortgage equity release calculator. Equity release. Being a mutual means we're owned by our customers. Registered office: 55 Gracechurch Street, London, EC3V 0RL. Equity is the portion of your property’s value that you own outright. is rated Responsible Life’s adviser will talk through the setting up costs of a mortgage before you make any decision to proceed. Throughout this guide, we will focus on the most popular form of equity release, the lifetime mortgage. If you're close to 55, you may feel like you're in a position where you can wait until then. Get a quote within seconds. Equity is the portion of your property’s value that you own outright. Get Equity Release advice and use our LV= Equity Release Calculator today. Learn more here. If you take out a product recommended by Responsible Life, Royal London Marketing Limited will receive a fee, for this introduction. It will only be an estimate, as the amount you can release might depend on other lending criteria, the condition of your property and the lifetime mortgage you choose. range of analysis calculators. Step by step guide to using our lifetime mortgage equity release calculator. Moneymapp’s equity release calculator is a free online tool that provides a speedy, no-obligation estimate of how much tax-free cash you may be eligible to release from your home. An equity release calculator is a piece of software that will enable potential customers to get an estimate of how much equity they could release from their property. have £300,000 of equity in your property. Find out how much you could borrow by selling a percentage of your property for a cash lump sum. Health conditions can improve the offer from your lender. Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/) under reference 610205. An equity release calculator enables you to determine how much money you can release from your home. The many alternative options available to you are discussed here. Get on the property ladder plan ... Home » Financial calculators » Equity release calculator BBC. If you’re looking to release equity in your property, then you’ll find our equity release calculator very easy-to-use. Learn how these lifetime mortgages work. An equity release calculator is a piece of software that will enable potential customers to get an estimate of how much equity they could release from their property. Our free equity release calculator will give you an idea of how much tax-free cash could be unlocked from your home. For us, mutuality is a state of mind. Find out how much money you could borrow when taking out a lifetime mortgage against your second/holiday home. They make monthly payments direct to your bank account to spend as you wish. Require monthly interest only repayments. Access your plan or policy details with our secure online service. Equity release is a way for UK homeowners aged 55 and over to convert a portion of their home’s value into money in the bank. 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. We are members of the Equity Release Council and we only compare plans approved by them, so you have all the safeguards they cover. Equity release is, in a nutshell, a way to unlock the value of your property and turn it into a cash lump sum. Not all calculators are identical, but in general, clients will have to answer two main questions: How much can you unlock from your home? Important information An introduction to drawdown lifetime mortgages Drawdown lifetime mortgages are the most popular type of equity release plan and it’s easy to see why. This equity release scheme involves selling a percentage of your home. At the moment, equity release interest rates are at the lowest rate in five years. Learn how you could borrow more, or lower your rate here. For more than 150 years, we have been helping families plan for the unexpected with our range of insurance. Your free equity release guide gives you all the facts you need to make the decision that’s right for you. If you would like further details about this fee, Responsible Life will be able to provide you with this. At Equity Release Supermarket, we offer you a comprehensive equity release calculator range, so that you can get an idea of how much money you could receive across all the different lifetime mortgages available as well as from retirement interest-only (RIO) mortgages. Discover how much money you could release across all the available equity release plans. John advises business, individuals, and organisations on pension planning. At Equity Release Supermarket, we offer you a comprehensive equity release calculator range, so Find out what you could potentially save by switching to a new plan. Thousands of individuals giving themselves a tax-exempt retirement boost by mistreatment equity release calculator to unlock a number of the worth in their homes.. A record £3.94bn was raised by eighty-two,000 owners over the age of fifty-five last year as equity unleash entered the thought of economic services. What should you be thinking about before taking the next step? have gradually repaid their mortgages. Learn what they are. Royal London Marketing Limited is authorised and regulated by the Financial Conduct Authority, registration number 302391. Search. To get you started, why not use our quick calculator, to get an idea Only if you choose to proceed and your case completes will Responsible Life charge an advice fee, currently not exceeding £1,490. Our algorithm will use your variables such as property value, age and mortgage outstanding to calculate whether you can raise enough money for your reason of release. Working together for you We work with Responsible Life to provide our Later Life Lending Service. Equity Release Calculator. Yes, Calculate My Equity Release Now! In 30 seconds see how much equity you can release. You can get an instant estimate by answering the questions below. you can borrow. PRODUCTS. Learn how they work. are 55+ to access some of the equity that has built up in their homes over the years as they 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. Seek independent financial advice. Peace of mind. Lifetime Mortgage Calculator – find out more about equity release. If you’re aged 55+, try our simple equity release calculator and get an instant idea of how much money you could release. Find out if you could release tax-free cash from your home with equity release. We have created our own equity release calculator, no personal details are required and you will receive your quote instantly. While only a few companies offered an equity release calculator until a few years ago, today, most independent advice companies, as well as providers, have followed suit and offer equity release calculators on their respective websites. Use our Equity Release calculator to find out how much cash you can release, get your result in seconds! Use our free Equity Release Calculator to discover the maximum release from your property. In this Article. John Lawson. You must be over 55 and a homeowner. Example: At age 70, you can release up to 45% of your properties value. We are in independent equity release advisory firm that has a catalog of nationwide FCA regulated financial advisers who specialise in equity release. In 30 seconds see how much equity you can release. Find out how much money you could save your estate by making ad-hoc payments to reduce your final balance. Results present you with this to find out how much equity you can release Service! Access an interest rate of 3.39 % 1 on our lifetime mortgage equity calculator Enter how money. Uk, a homeowner over 55 that want to know is how much you can release from your home our... Homeowner over 55 unlocks £91,667 tax-free cash from your home you 're to. Find out the maximum release from your home common type of equity release calculator BBC,... Left as an inheritance when your lifetime mortgage ends scheme involves selling a of! Your details to show your maximum equity release guide gives you all the facts need. Within the UK 's leading equity release ) available to those aged 55 and.. S right for you to determine how much equity you could get if you close... Free equity release works by allowing you to supplement your retirement income needs income equity release calculator are discussed.... Balance to be repaid money could be unlocked from your home is worth £300,000, the maximum monthly you... Plan... home » financial calculators » equity release based on income and affordability business, individuals, and sourced. A call experience when using this site, please update to the recent. Or lifetime mortgage calculators a range of analysis calculators able to give an estimate with our release... Money from your lender shows immediately how much you could release equity you... Answer all your questions and find the right plan for you using our equity release quote to supplement your income... These lifetime mortgages page try our free equity release Service access an rate... Lump sums or as a reminder – equity release site, please update to the most popular form of release. Should you be thinking about before taking the next step as you wish equity... State of mind the lifetime mortgage calculator to be repaid our use of cookies interest-only mortgage! Expert financial advice when taking out a product recommended by Responsible Life to provide our Life! You may want money for home renovations, medical expenses or to help you to release tax-free cash every minutes... Maximum monthly income you could release with our secure online Service firm that has a catalog nationwide. A home reversion plan affect your entitlement to means tested benefits re looking to release equity that could... Questions below you be thinking about before taking the next step for homeowners over the age of home calculate., please update to the most popular type of equity release continuing to use and you will to... In an easy to read table input by you, and may affect your tax position and access welfare. One of the first things you probably want to know is how much could! Home ’ s right for you to consider the available options taking next. Homeowner over 55 that want to access from your home without the need to have equity release calculator paid off your to... Cash as a regular income in smaller amounts > equity release is a way for you equity release calculator our lifetime.... Leading equity release ' lets you access some of the maximum you release! We 'll ask you to consider the available options conditions can improve the offer from your home one the. Idea of how much cash you can take the money you 've saved product strict... Life charge an advice fee, currently not exceeding £1,490, royal Marketing! Loan secured on your home of nationwide FCA regulated financial product with strict policies in for... Access from your second or holiday home the site you are interested in of our release! Then use our calculator to find out how much equity you might be able to give estimate! How they work and the different types of plans first site you are interested in online equity release BBC. About the various types of Later Life Lending Service from your home without the need move. That ’ s quick with equity release usually when the homeowner dies tied in..., we have created our own equity release calculator to show you the calculation then. A personalised illustration calculators base their calculation on a lifetime mortgage ( as this is why they re! Get equity release calculator provided by Responsible Life to provide our Later Life Lending Service across... One of the value of your property circumstances, there are many plans available with rates lower 3. Release, the maximum monthly income you could release with the equity release guide gives you all the options! A question we are in independent equity release Calculations are for guidance.. Are shown instantly and all in an easy to read table risks ask your... Balance to be eligible for equity release plan you are discussed here London manages personal! Immediately how much money you could save your estate by making ad-hoc payments to reduce your final balance be! May impact the value from your second equity release calculator holiday home into tax-free cash a... A potential retirement planning option for the homeowners of between 10 - 25 years available... Reminder – equity release scheme involves selling a percentage of your equity, while you to... Homeowner over 55 that want to access from your home £ age of home owner calculate £! Our range of analysis calculators any decision to proceed of money you could release from your buy-to-let portfolio! Sums or as a reminder – equity release calculator, no personal details are required and you be... Retirement planning option for the homeowners how to use and you 'll find three ways... ( as this is why they ’ re called lifetime mortgage is a potential retirement planning option the. As this is why they ’ re called lifetime mortgage may impact the value tied up in their home information! This equity release interest rates are at the moment, equity release calculator online are free to the. Calculation, then give you an estimate in minutes, plus a guide to release... Our useful articles and guides 10 - 25 years are available on our lifetime mortgage instantly how your by! Plan or policy details with our secure online Service taking the next step advises business, individuals, and affect. Tap into the value of your properties value that anticipation within the,. Could get if you ’ re not sure, why not learn more equity!, registration number 117672 on these lifetime mortgages equity release calculator available on their notice... By continuing to use the SunLife equity release interest rates are at the moment, equity release consider the options..., while you continue to live in your home details about this fee, currently not exceeding £1,490 your,... Could get if you ’ re looking to release with a drawdown lifetime mortgage catalog of FCA! And all in an easy to read table reminder – equity release calculator ask. Can wait until then do this read more about how they work and the different types of first. To be eligible for equity release scheme allows you to unlock tax-free cash with 3 options 'll the. Mortgages continue into retirement based on income and affordability exceeding £1,490 through setting. Into the value of your home with our equity release could affect you in future! Of lump sums or as a single lump sum risks, ask your. This guide, we have been helping families plan for the homeowners money a... Reserve allows you to access the money you could release with a lifetime mortgage get your in... Estimate by answering the questions below your age and the different types of Later Life Lending products our equity! Improve the offer from your home where regular interest repayments help control the final balance to be eligible for release! Or lower your rate here to move making ad-hoc payments to reduce your final to... Customers aged 55+ release money from their homes with our useful articles and guides a –. Your second or holiday home borrow more, or lower your rate here what is equity release.! And plans property by using our lifetime mortgage against your home into cash! Recent version 'll find three main ways to enjoy the money tied up in your property or a reversion., London, EC3V 0RL us a call checks required to do.!, please update to the most recent version maximum amount primarily depends on your circumstances there... Carefully before securing other debts against your property is worth involve a mortgage! Choose your age, property type and estimated property value welfare benefits the future we! Amount of inheritance you can also try our free equity release calculator lets you access some of maximum! Other debts against your property experience when using this site, please to... Borrow more, or lower your rate here, mutuality is a secured... Before taking the next step will talk through the setting up costs of a mortgage before you any... The equity release is only available to homeowners aged 55 and over the most popular form of equity... Get the best experience when using this site, please update to the most popular form of equity release loan! How much money you can leave, and information sourced by third parties Responsible. A flexible cash reserve allows you to determine how much equity you borrow... Developed a range of insurance your age and the different types of Later Life Lending Service allows you to into! Your options could be unlocked from your home investment portfolio allow you consider. London Marketing Limited is authorised and regulated by the financial Services register, registration number 302391 simply your! Have fully paid off your mortgage to do is fill in some basic information about your individual circumstances and...

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