EQUITY RELEASE

Equity release is offered by equity release providers as a way to help you to unlock the equity that is tied up within your property. In order to release equity from your home, you need to know how much you are able to release. Most equity release providers do not allow you to borrow more than fifty five per cent of the total value of your property. For example, if your property is worth £300,000, the standard maximum you would be able to borrow would be £165,000. To achieve this high loan-to-value you would need to be aged 85+. For younger ages the LTV's are lower as life expectancy is longer and hence the roll-up effect significantly greater. The best way to understand how much an equity release scheme can raise is from using an equity release calculator... When you invest in a property, you are building up equity which can prove to be helpful to you in your retirement period. Equity is the value of your property less any outstanding loans or mortgages. It is possible to release..