What is Your Remaining Equity? Try this Calculator
How to use the equity remaining equity release calculator
For many of our customers, particularly those with children, it’s important for them to understand how much money they’ll leave for their loved ones, once their lifetime mortgage is repaid.
While equity release will certainly impact on your inheritance and the value of your estate, there are ways to minimise this with certain types of later life plans.
It’s also important to consider the impact of house prices. The greater the value of your home when your plan is repaid (either when the last homeowner dies or moves into long-term care), the larger your inheritance will be.
While house prices may go up and down, recent history shows us that over the longer term they have mainly increased. According to the Nationwide House Price Index, the average house price has increased by 444% over the last 30 years*.
The government’s website (using Land Registry data) has a useful property price trend tool that allows you to track the rise in house prices over time.
