The equity release calculator from Age Partnership is a great tool for those looking to unlock some of the capital in their home. Equity release is not for everyone, but for some people it can be a good way of generating some extra income.
Who Is the Equity Release Calculator From Age Partnership For?
However, not every person will qualify for equity release. To use the equity release calculator from Age Partnership you need to be the owner of your home. The age of all homeowners has to be above 55. The home has to be valued at £50,000 or more. This valuation needs to be supported by recent sales and cannot be a historic valuation. The amount raised from the equity release has to more than cover any outstanding debts secured against the home. This clearly means the mortgage, but also includes other kinds of loans you may have used your home as security for.
The equity release process is not a particularly quick way of getting hold of cash. It does not take long to find out if you qualify how much you can get and any costs involved. However, most firms take between 6 to 8 weeks to process actually process the application and come up with the cash. This is because they carry out rigorous checks to establish who owns the home, the equity available for release and what debts are actually secured against it.
Using the Equity Release Calculator From Age Partnership
The equity release calculator from Age Partnership is designed to be especially easy to use. Unlike many other equity release calculators, you do not have to spend ages filling it out. All you need is your name, contact details, the value of your house, how much is outstanding against it in the way of loans and mortgages and the age of the youngest homeowner. The form can be filled out in less than a minute and you will be contacted with an estimate of how much equity can be released from your home. If you are still interested the equity release process will be explained to you in detail.
To use the equity release calculator from Age Partnership visit their website. It only takes a few minutes and the results may surprise you.
