Equity release calculator for home reversion plans
How to use the home reversion equity release calculator
To get an idea of how much you could money you could access with a home reversion plan, you simply need to input the value of your property (which must be a minimum of £80,000 and in the UK), the age of the youngest homeowner (which must be at least 60), your postcode (to understand where you live), the % of your home’s equity you want to release (up to 100%) and whether you are applying by yourself or in joint names – as these are the criteria that home reversion providers use when deciding how much money you can release.
An introduction to home reversion plans
Home reversion plans were the forerunner of today’s modern lifetime mortgages. They have declined in popularity over recent years as lifetime mortgages now offer bigger lump sums and a range of flexible features that can be tailored to meet your individual needs.
That said, home reversion plans could still be an option to consider, dependent upon your property type and if you want to guarantee an inheritance for your loved ones.
Want to compare home reversion schemes?
If you’d like to research the range of home reversion schemes 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 plans available and their features from all the lenders.
The home reversion scheme results shown in your calculation are only for illustrative purposes and cannot be guaranteed. To understand the features, benefits and risks of a home reversion plan, please contact us and ask for your own individual, personalised illustration.