These are lifetime mortgage and home reversion schemes. To understand their features and risks ask for your personalised illustration.
Find your equity release calculator
You can quickly calculate how much equity you could release from your home with our range of equity release calculators. To get you started, why not use our quick calculator, to get an idea of the maximum you could borrow?
Our range of equity release calculators
Lump Sum
This plan is usually chosen when you want a one-off, lump sum of money and don’t think you’ll need more money in the future. Lump sum plans have the flexibility of choosing whether you want to make repayments, or allow the interest to roll-up.
Lump sum plan calculatorInterest Only
Take a lump sum of money and make regular monthly interest repayments for the life of your plan with no proof of income. When an interest-only lifetime mortgage ends the final amount to be repaid is simply the initial amount borrowed.
Interest-only calculatorEnhanced
Enhanced plans could allow you to borrow more if you have health conditions. The amount is based on your health and lifestyle, where more severe health conditions could generate a higher maximum lump sum.
Enhanced calculatorHome Reversion
An equity release scheme where you sell a percentage of you home to a lender in return for cash lump sum and a lifetime tenancy. These plans can potentially offer a higher lump sum than a lifetime mortgage.
Home reversion calculatorBuy-to-let
If you have a buy-to-let property or portfolio, you could release money from these investments tax efficiently using specialist buy-to-let equity release plans.
Buy-to-let calculatorHoliday or second home
With increasing flexibility you can now use equity release to buy a second or holiday home, or even release money from a UK based second/holiday home you already own.
Holiday/second home calculatorIncome
If you’d prefer to receive a regular, fixed monthly income from a lifetime mortgage, then an income lifetime mortgage could be for you. These plans provide tax-free income over periods of 10-25 years, along with an additional lump sum option – if required, to suit your personal needs.
Income calculatorRIO mortgage
Retirement interest only mortgages (RIO’s) are a type of residential mortgage specifically designed for homeowners age over 50, looking to borrow tax-free cash into retirement. They’re typically used to help existing interest-only mortgagors switch to a mortgage with no fixed term, monthly interest payments and who wish to maintain a level balance.
RIO mortgage calculatorDrawdown
Drawdown plans allow you to receive your money in a series of payments over time – as and when you need the money. As you are only charged interest on the amount borrowed, they reduce the final amount of interest to be repaid when your plan ends.
Drawdown plan calculatorSwitch plans
If you’ve had an equity release plan for some time, you may be able to switch to a better deal and potentially save thousands of pounds over the life of your new scheme. This calculator will identify your break even point and how much you could potentially save over the long term.
Switch plans calculatorRemaining equity
Are you concerned about how lifetime mortgages – the most popular type of equity release plans - could affect the inheritance you leave behind? Create your own scenarios to find out what you could potentially leave your estate.
Remaining equity calculatorVoluntary repayment
A relatively new type of lifetime mortgage that’s becoming very popular. They allow you to make ad-hoc repayments upto a maximum of 15% of your original loan amount each year with no penalty. These repayments could dramatically reduce the final amount to be repaid.
Voluntary repayment calculatorWhich equity release calculator do I need?
That depends upon the type of equity release plan you are interested in. If you’re not sure, why not learn more about our range of plans first?
Call us anytime
Our range of equity release calculators are designed to give you an idea about how lifetime mortgages and other equity release plans could help you. Please remember that they are only a guide. Your local expert adviser is on hand to answer all your questions and find the right plan for you. If you’re ready, why not call them now?
Call us anytime
Our range of equity release calculators are designed to give you an idea about how lifetime mortgages and other equity release plans could help you. Please remember that they are only a guide. Your local expert adviser is on hand to answer all your questions and find the right plan for you. If you’re ready, why not call them now?