When you are considering releasing equity from your property it is useful to use an equity release schemes calculator to find out in the early stages just how much you might be able to release from your property. An equity release schemes calculator is a quick and easy way to work out the amount you can borrow.
There are different plans avaialble such as Lifetime Mortgage and Home Reversion and it is much easier to use the calculator for equity release mortgages.
The equity release calculator is very simple to use and all you need to do is enter your property value and then any outstanding mortgages and loans you may have secured on the property. You only need to enter mortgaes and loans that are secured on the property, unsecured loans or bank loans do not need to be entered.
After you have entered this information then it is just a matter of selecting your age and then you can get the results.