Use our equity release mortgage calculator to work out how much you might be able to borrow against the equity in your home, based on the current estimated value of your property, any amount you have outstanding on an existing mortgage against the property (including any secured loans), the number of applicants, and the age of the youngest homeowner. Advantages: Advantages of equity release include being able to use the money for anything, maybe things that were once not affordable. Phone * Preferred Contact Time. Our free equity release calculator gives you personalised results to see how much tax-free cash you could release from your home. If you want to remortgage to release equity you will need to contact your current mortgage company or remortgage with a new lender in order to release the cash. Email. Equity Release Calculator If youâre over 55 and want to be able to release some of the value of your home, equity release can help. An equity release scheme allows you to tap into the value tied up in your home without the need to move. 8. Remortgage to release equity. Reasons to remortgage. Buy-to-let secured loans tend to be more flexible when it comes to credit history. Phone; Email; By proceeding you agree to terms of business and privacy policy. If youâve got any further questions about remortgaging or mortgages in general, please contact us. See what your options could be with our equity release calculator. And the mortgage amount includes any early repayment fees and any secured loans. An equity release calculator from azmoney.co.uk can offer you an estimate of what proportion equity you'll release from your home. Release equity. But for older borrowers, there are many other things to consider when it comes to remortgaging to release equity. You can contact them here or call 01204 899581. Preferred Contact Method. Adapt to a new financial situation. Equity release allows you to unlock the equity in your home without having to sell up and move out of your house so that you can have money to spend on whatever you want or need. Loading - Please wait. The type of equity release we offer is called a lifetime mortgage. Equity release allows homeowners aged 55-95 to access a portion of their property's value. After any existing mortgage has been settled, the tax-free money released is ⦠Equity release plans allow people 56 years of age and older to release some of the cash which is tied up in their homes. IVA equity release calculator. We have access to a selection of competitive equity release schemes. Whatever your reasons for needing to raise capital, a remortgage to release equity may be an excellent option for you. A n equity release calculator is a great tool to use if you are over 55 and considering releasing equity from your home without having to sell or move out. Can you remortgage in later life. The amount of equity you have in your home is determined by the value of your mortgage less the outstanding balance remaining, so if your original mortgage (the price you paid for your home) was £250,000, and the outstanding balance remaining is £150,000, then the amount of equity in your home is £100,000. Remember that taking an equity release plan is generally a long-term option. Just enter your details in our remortgage calculator to compare remortgaging deals. It's a big financial decision that should not be taken lightly. Remortgage for Raising Capital. No obligation 10 minute call . In the following calculator, remember that the house value should be realistic, not optimistically high. Calculate your remortgage savings or borrowing options. If you're looking to release equity to pay off an existing mortgage, check out our paying off your mortgage guide. Advantages of a remortgage include releasing equity in your house to do home improvements but also allow you save on repayments with lower interest rates when you refinance. Interest rates change regularly so you may find a lower rate than your current deal, which could make your monthly mortgage payments lower â or mean you may be able to pay it off quicker. Can I remortgage to release equity? Use it today! You can then use the funds for things such as helping your children with a house deposit of their own. Using a remortgage to release equity from your home isn`t the only scheme available to free up funds from your property. Remortgage Calculator . Note. Name * First Name Surname. If you have been considering remortgaging your home, you undoubtedly have questions and concerns to address. The help of an experienced adviser could be invaluable as they can assess your financial situation to ascertain whether a remortgage is viable. 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