Equity release calculator for buy-to-let plans
How to use the buy-to-let equity release calculator
To get an idea of the maximum you could borrow with a buy to let lifetime mortgage, you simply need to input the value of your property (which must be a minimum of £70,000 and in the UK), the age of the youngest homeowner (which must be at least 55) and your postcode (to understand where you live) – as these are the criteria that lenders use when deciding how much money you can borrow.
Unlike other types of buy to let mortgage, we don’t need to know your current rental income as lenders don’t consider this when deciding how much they will lend.
An introduction to buy-to-let lifetime mortgages
If you have a single buy-to-let property or even an established property portfolio, you could use equity release as a way to raise capital funds.
These specialist plans are designed to help landlords develop their buy-to-let (BTL) property portfolios, which, in turn, could ultimately benefit their tax and retirement planning.
Rather than selling your existing buy-to-let property to raise funds for retirement, thus potentially incurring capital gains tax, landlords are increasingly using equity release to help mitigate their tax position.
By taking a tax-free lump sum from your BTL property investment, the rental income is unaffected, and the cash could be used to invest in further properties, or for lifestyle purposes as required.
Want to compare buy-to-let lifetime mortgages?
If you’d like to research the range of buy to let lifetime mortgages that are currently available, then feel free to use our ‘Compare Deals’ functionality which is only available at Equity Release Supermarket.
You’ll be able to see the plan interest rates, along with their features and any offers from all the lenders across the equity release marketplace.
Please note, the majority of over 55 buy-to-Let mortgages are unregulated, they share similar characteristics with a Lifetime Mortgage, however they are not defined as a Lifetime Mortgage by the FCA. To understand the features and risks, please ask for a personalised buy-to-let mortgage illustration.