An is a tool that could be used to calculate the lump sum amount of cash that you are entitled to receive against releasing equity built up in your house, all without losing the ownership of your property. An impaired Equity Release calculator is also known as enhanced equity release calculator and is completely dependent on the health status of the person as well as the value of the property he/she holds under his/her name.
If you are a person with an age over 55 who are looking for a comfortable retirement solution then you must use an impaired equity release calculator to calculate the cash that could be released when buying an impaired equity release scheme. An impaired equity release scheme is helpful to you especially if you are suffering through some serious health ailment which has the effect of possibly reducing your life expectancy. In such cases, you are not only entitled to receive a larger sum of lump sum money but you are also entitled to get lower interest rate and that too without making any monthly payments!
Smoking, high alcoholism, several types of cancers, Parkinson’s disease, diabetes, any serious ailment related to heart such as strokes, multiple sclerosis, underweight, overweight and many other diseases come under the approved list of health problems that could entitle you for an enhanced equity release scheme. Suffering from any of these implies that you have a lower life expectancy.
These calculators could be easily used by anyone for doing calculations. An automatic wizard guides you step by step in asking details such as age, weight, smoking history, details about the diseases in the past. It also asks some details related to your property for the evaluation purpose and also if you have any other loans pending on your account.
After doing all the calculations, the calculator works on the preprogrammed instructions guiding it to calculate the percentage value of your property that could be offered as a loan to you. Poorer you are in health the more cash you can release from your house. You don’t have to move out of your house or do you lose the ownership as long as you are alive. It helps you to maintain your lifestyle and make your post-retirement life as comfortable as it’s always been.
Our clients are satisfied with their new lives!
National Equity Release Pension Conference, Bath Street, Bakewell, Derbyshire, DE45 1BX.
You can also contact us by phone , or you can send us a message here: