We offer a free, easy to use Equity Release Calculator that will enable you to find out how much you can release from you property within seconds.
There are some very common questions we receive when working with clients on determining whether or an equity release is a good idea for them. One of them relates back to how much equity can be released. Of course, this is a legitimate question. You can’t possibly know if an equity release scheme will work for you unless you have a pretty good idea how much cash you could receive.
In fact, you may already have plans for the cash you’d receive. You need to know if the cash you would receive would cover the costs you anticipate. Maybe you really want that car you’ve always had your eye on but that was never practical when you had little ones at home. Perhaps your dream is to spend your retirement traveling and you need to ensure you would be able to take all the holidays you want. Whatever you plan on using the money for, you want to make sure you receive enough to fulfill your financial obligations.
However, with so many schemes and plans available, how can you possibly determine which will give you the best deal? That is just one area of the equity release journey where we can help.
You don’t have to guess how much equity you’d likely be able to release. In fact, we have equity release calculators that can take the guesswork out of your estimations altogether. We can even give you your anticipated equity release amount for various plans. Maybe you are stuck between choosing a traditional lump sum plan or a drawdown scheme. Maybe you want to see how much you could receive from an enhanced plan, if you were to qualify for one. Finally, you might be debating between taking one larger lump sum payment or multiple smaller ones.
We can work with you on determining how much you could receive from any one of these plans. We don’t need a lot of invasive information from you either. Simply give us your name, age, application status, the age of your spouse if borrowing jointly, your gender, the percentage of equity release, your estimation of your property’s value, and the balance of any mortgage you have outstanding. With just that information, we can let you know how much you can reasonably expect to release from the equity release plan of your choosing.
Our calculators can be used as a fairly reliable guide as to how much equity you could release. With that said, we are always available to help answer any further questions you might have such as comparing various plans against your situation or helping you to find the amount of cash you anticipate needing during your retirement. Furthermore, we can help guide you on what amount of cash you should release. Just because you can release more, doesn’t mean it is always in your best interest. These are just a few of the ways we can help you on your journey to financial freedom in retirement. Reach out to us today for specialized advice.