Discover the bounty that lies beneath equity release

Customers should look to equity release as a treasure trove that is literally waiting to be exposed by them to assist in structuring their financial portfolios. Simply put, equity release is a way to release a tax-free lump sum by borrowing against the value of your property. This is fantastic for people who want to unlock tax-free cash that can be used for a variety of different things subject to what you are doing in your life.

will answer all of your questions when it comes to knowing how much you can borrow. It is critical to know exactly how much money you want to borrow because it helps to ascertain what you can do with it. Look at the advantages below to knowing how much money you want to borrow because of using a mortgage valuation calculator.

• Free advice: When you use an equity release calculator, it is essentially a free tool that you can use whenever you want to get a free outlook on how much money you can borrow against the value of your house.
• Gives you a monthly estimate of what you could get: Some mortgage calculators are quite sophisticated and they can give you a monthly estimate of how much money you could get from your equity release. This is ideal if you have many grandchildren or you want to be able to help your children afford their lifestyle. The rising cost of inflation has meant a change in how older parents deal with their children. Many parents over the age of 55 want to help their children out financially especially as unemployment continues to rise. You can use the monthly income you get from your equity release programme to help out your family so that you all can maintain the standard of living at you are used to.

 Top tip: Make sure you pick the right type of equity release UK mortgage to suit your lifestyle. For example, an interest only equity release scheme means that you can still own 100% of your home. This should be the choice for you when you are using the mortgage calculator especially if you have sentimental value over your homes, such as it being a unique heritage property or the family home. Choose the right lifetime mortgage scheme to tie into your personal lifestyle in order to get the most out of the cash that you will get from it.