Equity Release Voluntary Repayment Calculator
A lifetime mortgage may run for a longer period than the estimated term shown, if so, the loan balance will be correspondingly higher.
How to use the voluntary repayment calculator
To get an idea of how much you could save over the length of your lifetime mortgage by making voluntary payments, you simply need to input a few details.
These are the amount of money you are planning to release. The interest rate of the plan you are considering and finally the amount you want to repay each year (which can be up to 15% of the amount released per year).
Your results show you your mortgage balance across different periods of time when you don’t make any repayments and when you do (based on the % you inputted). So, you can easily see just how much money you could save through making regular repayments.
