You may very well know that you want to take advantage of an equity release scheme. There are plenty of benefits to releasing equity from your home. However, you cannot possibly know if it will work for you unless you know how much cash you can receive. You likely have plans for the cash you’d receive, which is why you know you want to tap into the equity in your home in the first place.

You might want to help you child buy their first home or pay for your grandchild’s first car. Maybe you just want to travel with your spouse and enjoy many of the things you couldn’t during your working years. If you know how much cash you’ll need to fulfill your financial needs or wants, then you need to know if an equity release scheme will provide you with that amount of cash.

This is where we can first start to assist you in your equity release choice. We have an array of equity release calculators that can help you get a better idea of how much cash you can receive. Our calculators are pretty accurate and the information you receive can give you a good footing in determining if equity release is right for you.

Not only can you get an idea of how much you can receive in general, but we have calculators that you can use to determine how much cash you can receive from different products. For example, if you think you might qualify for an enhanced equity release plan, you’ll want to try that calculator to see if the amount you could receive will satisfy your plans.

We need very basic information from you in order to give you your estimated release amounts. Simply provide us with your name and age, the estimated value of your property, and the amount of your mortgage that is still outstanding. With just that little bit of information, we can let you know what you could expect to receive in your cash payment.

Impaired Equity Release

With an impaired equity release plan, you may be able to release more cash or have a lower interest rate than with a standard lump sum plan. To determine your eligibility for this specific type of plan, you will need to complete a very straightforward questionnaire with your lender. There, you will highlight any conditions or lifestyle choices that may impact your life expectancy.

You may qualify if you smoke or take prescription drugs. You may also qualify if you have diabetes, Parkinson’s Disease, or Multiple Sclerosis. Finally, you may also benefit from an enhanced, or impaired equity release plan, if you have high blood pressure or have suffered from strokes, cancer, heart attacks or angina.

Specialized Advice

Determining how much equity you can release is just one step in the process. We can help you determine which plan is the best fit for your individual situation. Reach out to us today for specialized advice based on your needs.

If you would like to speak to an independent equity release adviser about your results, please call us on 0800 023 4623.

Alternatively, conduct your own studies with our client-facing smartER research tool.