Equity Release Calculation

Members of the Equity Release Council
Equity Release calculation: Calculating the amount you can borrow for Equity Release Mortgages
Equity Release calculation is based upon a number of factors:
- Your property value and the age of the youngest homeowner. These are used to produce a percentage of the value of your property the lender will lend. eg. If the maximum is 30% of the property value, the youngest homeowner is aged 70 and the property value is £300,000, the owners could raise up to £100,000.
- The interest rate and deal offered. The higher percentage of your property value you want to release, generally the higher the interest rate.
- The Lifetime Mortgages market can be daunting to navigate. This makes it very important to seek advice from a Whole of Market broker, such as Ocean Equity Release who have access to rates from all lenders and ensure your personal requirements are achieved.
- Find a good, reliable Equity Release Broker to advise you. Read reviews from Brokers previous clients from Google, or sites like VouchedFor or Unbiased.co.uk where you can find many independently verified reviews.
- Make contact with your chosen broker via email or telephone to ask some questions and determine if you feel this is the right broker for you. Do you consider them to be efficient, friendly and client focused? Once you have chosen which Mortgage Advisor you would like to meet, they will offer you an initial phone or video appointment.
Visit our website’s Home Page to learn more about Equity Release Mortgages.