Author Archives: Martin Channon

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Any starting point in equity release research needs to be assessing whether your goals can be accomplished. An equity release calculator will net your results to provide an overall maximum release. Whether this is for the more popular roll-up lifetime mortgage, or interest only lifetime mortgage, the answer to these are essential to prevent wasting your time trying to realise an impossible dream. The EquityReleaseCalculator.net website provide a suite of calculator tools & information appertaining to releasing equity from your main residence. By establishing the maximum equity release possible, enables you to continue further your research into finding which equity release schemes meet your requirements.


Q. How is it Best to use an Equity Release Calculator?
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With people over age 55 looking to financial products to help them to achieve their goals, it is becoming increasingly obvious that equity release calculators are achieving a fair amount of interest. For some, equity release calculators enable people over 55 to ascertain whether they can raise enough finance for a specific project or major purchase. By calculating the maximum equity release possible will help retirees ascertain whether their objectives can be fully met, or contingencies made. Others see the benefits of an equity release calculator as a way of assessing how to supplement their pension, which has lost so much value in the past few years. With annuity rates having fallen significantly over the past years, the current return on a capital lump sum for income purposes has become a major threat as to the future of whether an annuity now provides good value for money. Read More

Q. How Much of a Payout Can You Expect With an Equity Release Plan?
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The most important question that will come to mind, whenever you’re considering equity release, is exactly how much of a payout you can expect to receive if you commit to such a scheme? The simple answer to this question is by no means cut and dried and this article is intended to help you recognise some of the factors that will eventually dictate the amount of money that you can expect to receive. Ultimately, it will be an equity release calculator that provides the answer to this question. However, in order to obtain a calculation several factors need to be ascertained.
Qualification criteria for equity release
Of course, the first fundamental factor that will be taken into consideration for equity release will be your age. With equity release schemes, the minimum age is 55 years; however, there are some types of plans such as home reversion plans, where the age may actually be set at 65.The older you are:- Read More

Q. How Can I Use an Equity Release Calculator to Find the Best Lifetime Mortgage?
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Equity release plans are a type of loan that allows property owners to withdraw money from their residential home. These loans, in previous years, were just for property owners that were over 65 years of age and older. However, today, the equity release providers have tended to offer the loans to property owners of 55 or more.
Equity release schemes are a great means to acquire a lump sum of money or monthly payments. The advantage of the equity release loan is that typically, it does not have to be paid back until the time of the sale of the property, or the 2nd borrower passes away.
There are various sources to help property owners find the best equity release providers that offer the most competitive rates in the industry. Online is one of the simplest and most convenient means to find the many lifetime mortgage lenders. Some of these equity release providers utilise innovative tools for the property owner such as equity release calculators, which are a simple means to determine just how much equity you can withdraw from your main residence. The advantage of Read More

Q. How do I Establish the Maximum Release with a Home Equity Calculator?
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Equity release can be a very useful tool and are suitable for those who want to optimise their assets. It allows you to take a release of equity that has built-up in your property over time. This is where retirees benefit from property ownership of the years. Although there have been many peaks and troughs in house values, the overriding effect has been the creation of mass equity in people’s home. However, is this all beneficial when you cannot get your hands on it?
These equity release schemes can be held even while you are continuing to live in the house, but you do retain 100% ownership rights. The equity release market has opened up in recent times, and today, many different types of equity release schemes and providers are available.
Different equity release schemes operate on different terms. For instance, a lifetime mortgage is available to individuals over the age of 55. In the case of joint applicants, the youngest applicant must also over the age of 55 years. So in a lifetime mortgage, the age of the Read More

Q. How Does Age Effect the Release of Equity Calculators?
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Equity release is a way to withdraw some of the cash value tied up into your property. While traditionally the only path for a release of equity would be to sell the property, equity release offers a more flexible way to continue living in your home while accessing the cash tied up into the property. This can only be facilitated by receiving advice from a qualified equity release consultant, in conjunction with an equity release provider themselves such as Aviva, Just Retirement, Hodge Lifetime & many more of these niche mortgage lenders. Read More

Q. How Much Equity Release Should I Borrow?
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The crucial decision with any equity release application is deciding on how much tax free cash you should take. In order to obtain the correct advice with regards to these lending decisions you should certainly consult with a qualified equity release adviser.
By discussing your capital requirements, both immediate & in the future, you can assess which type of lifetime mortgage would be favourable for you & how much cash you should apply for.
Five important questions you should therefore be asking yourself are:- Read More

Q. How Could an Equity Release Calculator Help my Retirement Plans?
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Financial planning during retirement is becoming increasingly important. With rising living costs, growing costs of care, and a shrinking public expenditure budget, it is only wise to use your financial assets optimally to provide for you during retirement. It is no surprise then that equity release plans have become so popular among older homeowners in recent times.
Equity release plans offer a way to tap into the equity tied up into a home in the form of a cash lump sum or monthly cash payments and use it towards anything you wish. The money is repaid only when the property is sold, which is usually upon death or when you move into permanent long term care. There are no restrictions on what the money can be used for, and it allows a way to use the cash from your home without the need to sell and move out. Equity release therefore offers a way to optimise your property value without any restrictions on what the money can be used for. Read More

Q. How Can the Proceeds from Equity Release Schemes be Spent?
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There are two main reasons why equity has caught on and become increasingly popular in the past few years. Firstly, it allows homeowners to access the cash value of their asset without having to sell it or move out, and secondly, there are no constraints placed by equity release providers on how the money can be spent.
Different people have different reasons for wanting to release equity from their home. Most equity release schemes allow for release either options in the form of a single lump sum or as regular withdrawals from a drawdown facility which can then be utilised as an income. This makes it a flexible option for people with a variety of needs, whether it is someone who needs cash for funding a holiday or someone who needs a supplementary income during retirement. Read More

Q. How Does the Aviva Equity Release Calculator Compare to Independent Equity Release Calculators?
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An equity release calculator is meant to calculate the maximum release equity that you could potentially release from your property. While only a few companies offered an equity release calculator until a few years ago, today, most independent advice companies, as well as providers, have followed suit and offer equity release calculators on their respective websites. So when using an equity release calculator, is it better to go directly to a provider, or use an independent calculator from the whole of the equity release market?
The best way to get the most out of an application such as an equity release calculator is to have a calculator that provides a free and simple way to calculate maximum potential release, and gives up-to-date and impartial results. However, specific equity release providers such as Aviva are bound to have only their own products on the database of their calculator, and can therefore show a very limited picture of what could be available to you. Read More

Q. How Impartial is the Saga Equity Release calculator?
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There was a time when anyone wishing to find out the maximum equity release they could take from their property had to make an appointment with a particular provider and ask them directly. This means going to great lengths just to find out a simple answer. Today, with the development and access to free equity release calculators, finding out how much you could potentially release is a quick and simple process.
When equity release calculators were first introduced, they were available only on select websites such as London Equity Release.com. Today however, they are available everywhere! Most providers have a calculator on their website, and various independent advice companies also offer equity release calculators to enquirers and potential customers. Read More

Q. How do I Calculate the Maximum Equity Release?
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Equity release plans can offer a flexible way to optimise your financial assets. With new more secure equity release plans available today, it is possible to manage the amount of equity in your home exactly as you intend to; while also protecting your inheritance. But after all is said and done, equity release ultimately works by devaluing your main asset – your home.
While equity release plans do provide a valuable solution to many, it is not suitable for everyone. It can involve selling a portion of your home in the case of home reversion, and having a life-long mortgage secured on your property in case of lifetime mortgages, so there are many implications to be aware of that on the face of it may not be obvious. An equity release plan is therefore something that has a major effect, not only on your life but ultimately also for your beneficiaries. As such, it is important to be fully sure that it is the best possible way to help you achieve your goals. Read More

Q. Where Can I Find an Enhanced Equity Release Calculator
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So what do equity release calculators do, and is there such a thing as an enhanced lifetime mortgage calculator UK? Until a few years ago, a lifetime mortgage calculator was quite a novel application, only offered by a few select websites that allowed users to quickly calculate how much their equity release plan would endear them with as a tax free cash lump sum. Today of course, there is no shortage of lifetime mortgage calculators on the internet, as most mortgage comparison and advice websites offer this useful application to users. Read More 

Q. Where Can I Find Companies that Provide the Equity Release solutions?
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Equity release has seen a massive surge in popularity in the past few years. This growing demand has fuelled the sector and today we have more providers, with a wider portfolio of more flexible equity release plans than ever before. While equity release is not suitable for everyone, the variety of equity release plans means that it is certainly likely to be a suitable solution for a lot more people today than ever before. Recent surveys have shown that a large number of pensioners are homeowners with a sizeable amount of equity tied up in their homes are suffering from a cash crunch and are unable to fund their day to day expenditures or have no money for that big one off expense. In other words, there are numerous people around the UK, who are property rich, but cash poor. Read More

Q. Where Can I Find a Prudential Release Calculator for Existing Plan Holders?
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Prudential is no longer offering lifetime mortgages to new customers. However, Prudential had one of the most successful lifetime mortgage schemes at the time, so there are currently plenty of existing plan holders who still have a Prudential lifetime mortgage plan. So, can existing customers release additional equity from their property? And if so, is there a Prudential equity release calculator that can help existing plan holders understand how much they could release? Read More

Q. Where Can I Find and Compare the Best Equity Release Schemes Calculators?
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Over a decade ago, releasing equity from your home was virtually unheard of. Today, equity release plans are flourishing, with more and more people choosing to turn to the equity in their homes for relative financial security during retirement. Equity release is not suitable for everyone, but it does provide a flexible solution for many, and the growing popularity of equity release plans are proof of this. Many new and more flexible products have become available in recent times, and the fact is that the equity release sector has never looked more vibrant. Read More


Q. What Are the Implications of Taking the Maximum Lump Sum
from an Equity Release calculator?
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To understand the implications of borrowing the maximum amount that the results an equity release mortgage calculator UK give you, it is necessary to understand what an equity release does, as well as to understand how borrowing more than you need can be potentially risky.
 
Although equity release plans have become much safer today than many years ago, there are potential equity release problems that everyone should be aware of before releasing equity. This must always be discussed and the dangers be highlighted before pressing the buttons of the equity release mortgage calculator UK tool. Read More

 


Q. What are the Facts About Interest Only Lifetime Mortgage Calculators?
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An interest only lifetime mortgage calculator can be used to establish the maximum release possible from an ever increasingly popular type of equity release mortgage plan.
 
To recap, a lifetime interest only mortgage is a type of equity release scheme where you can actually make monthly or ad-hoc interest repayments. The principle loan amount does not need to be repaid each month and is only recovered at the end of the mortgage term, which is at the end of life, or when you move into permanent long term care. At this point the property is sold, and the lender recovers the balance which usually should be within a 12 month period. Read More

 


Q. What About Life Before the Equity Release calculator?
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The growing popularity of equity release schemes has driven a sea of change in the world of retirement mortgages. For one, increases in demand from customers has led to more flexible, innovative and secure equity release solutions being developed all the time. As more and more players enter the market, there has also been an increase in the number of comparison and information websites whom themselves are innovating to provide new tools to help in conducting equity release research.
 
One of these latest tools is the equity release calculator which was once a novel tool offered only by pioneering websites like Equity Release Supermarket. Today however, the equity release calculator has become a common sight and very common across the marketplace. Read More

 


Q. What is the Formula for a Home Reversion Calculation?
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Equity release schemes have seen a massive surge in popularity in recent years with figures continuing to rise in 2013. Year to date figures for October shows there has been over £800 million of new equity release funds released, and is set to reach an all-time high of possibly £1 billion by year end.
 
This will be a landmark for the equity release industry after years of care in building its reputation through regulation, financial advice and more innovation in product design from the equity release companies themselves. The main growth area in the types of equity release schemes available has been in the field of lifetime mortgage schemes market. Nevertheless, it is the home reversion plans the equity release mortgage market has to thank. For this is how back in the 1960’s when the former property equity release schemes were invented. Read More

 


Q. What is the Criteria Required for a Home Equity calculator?
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A home equity loan calculator can be useful to find out how much equity will be built into your home after a certain period of time over the short and long term. An equity calculator can be useful in a variety of scenarios and is available on a number of financial, comparison and advice websites. A home equity calculator is not the same as an equity release calculator and is designed to give you a slightly different information calculus.
 
A home equity calculator will need some basic information about your property, including the current value of the property, its location, and the yearly rise and fall in the property, in order to work out the equity built into your home. A home equity calculator is therefore a way to calculate simply the amount of equity expected to be built into your home over a certain period of time. Read More

 


Q. What Are the Top 10 Equity Release Key Facts?
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As people live for longer and the cost of living increases, it is becoming more and more common for retirees to have financial difficulties during old age. However, a lot of these issues actually arose many years prior to this event, blatantly due to lack of financial planning prior to retirement.
 
As such, financial planning during retirement has become more important than ever before as managing on a limited budget, fault or no fault of one’s own is a harsh reality for many baby boomers. Therefore, an increasing number of people are looking for flexible ways to get the best value from their existing financial assets in order to address this retirement issue. Read More

 


Q. What is an Equity Release Eligibility Calculator?
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As equity release has become more and more popular in recent times and the interest in equity release plans has increased, new tools are emerging to help users make sense of whether people meet the eligibility test to meet the wide variety of equity release plans available. Every bit of help is needed when trying to find the best equity release plan that could suit them and the first port of call would be to establish eligibility.
 
Equity release is a potentially life changing financial concept, so it is always best to seek advice from a qualified independent equity release adviser. But before you do that, let’s look at the many convenient tools that could help you negotiate your way around the world of equity release schemes. Read More

 


Q. What is the Equity Release Compound Interest Formula?
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Equity release can offer a flexible solution for many people to deal with their financial difficulties by accessing the equity built into their home; but it is important to remember that releasing equity from your home is a potentially life changing decision.
 
Depending on what type of equity release plan you opt for, you either lose ownership of a part, or all of your home, or have a lifelong mortgage secured on your property. Home equity schemes are not for the faint hearted and thorough research and professional advice is key to success. Read More

 


Q. What are the Top 5 Equity Release Calculators?
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A good equity release calculator is one that is free, simple to use, transparent and offers impartial results. While there are numerous websites offering equity release calculators, only a good and truly objective calculator can help you get a fair idea of how much you could release. Here’s a list of the top 5 equity release calculators available today: – Read More


Q. Will a Free Equity Release Calculator be Truly Free?
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Equity release schemes have gained much popularity in recent years, and this demand has fuelled the arrival of several new flexible and secure schemes on the market. This surge in demand and popularity can be illustrated by a simple fact – until a few years ago, clients would have had to visit the equity release provider just to find out the maximum amount they could release.Then, leading comparison websites like Equity Release Supermarket started offering equity release calculators on their website that allows users to quickly find out the lifetime mortgage and enhanced lifetime mortgage maximum availability; and now more websites offer this nifty little application to the potential customers. Read More

Q. Will an Equity Release UK Calculator Work for People Aged under 55?
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Equity release plans offer flexible solutions for a common problem that many pensioners in the UK face today. Changing social circumstances have led to problems that we see increasingly more often in society today. Longer life expectancy, rising costs of living, probability of needing self-funded long term care and shrinking pension funds mean that many older people face a severe cash crunch during retirement. While there is a problem of cash flow, many pensioners are homeowners with a hefty untapped equity built into their property. Equity release offers a way to tap into this equity without selling the house or moving.Today, the UK equity release sector has expanded and offers more flexible and innovative plans than before. The industry and indeed its main voice – The Equity Release Council has admitted that more providers, concepts and flexibility are required to maintain the momentum equity release & lifetime mortgages have now found. It is also much more secure now, being regulated by the Financial Conduct Authority and following strict SHIP (now under the guise of the Equity Release Council) standards of service. As the demand for equity release has grown, so have the tools designed for potential customers to understand and negotiate their way around the equity release sector. Read More

Q. Will an Equity Release or Interest Only Lifetime Mortgage Calculator Provide the Biggest Sum?
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Experience shows that when it comes to finding out which scheme offers the maximum equity release, confusion reigns over whether it’s the roll-up equity release plan or an interest only lifetime mortgage. With equity release schemes becoming very popular in recent years, more people than ever are conducting their own research before approaching an equity release broker to implement their plans.Roll-up and interest only lifetime mortgages give homeowners the option of releasing some of the equity tied up into their property, without the need to sell the home and move out. The cost of living during retirement is on the rise, and with shrinking pension funds, poor annuity rates and increasing costs for care, many retirees are looking for flexible ways to optimise their financial assets. There are many different equity release plans available today, and which equity release mortgage suits you will depend on what exactly you need. Read More