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Last update : September 2010
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Why using an
Equity Release Calculator can be dangerous
(Instead, use our tables and be safe)
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When it comes to personal finance we always have to be on the lookout for so-called marketing tricks.
For example, in the equity release market many websites and providers use the bait of an 'equity release calculator' as an excuse to get hold of all your personal information.
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| Who knows how this information will be used and whether in turn it will be sold on? |
FREE Equity Release Guide
- This LearnMoney guide offers a simple 5 Step process outlining exactly how to properly research the Equity Release market
- It make sure you ask the right questions and get proper answers
- Concentrates on the all-important costs and flexibility of the different Equity Release schemes
- More details and to download your FREE copy
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| What is an Equity Release Calculator |
| It's used to give an estimate of how much equity can be released from a property based on - |
- Your current age (or the age of your spouse, whichever is the lower)
- The value of your property, and
- Whether you have a current mortgage, and if so the amount
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| The problem is, as many have found out to their cost, that the majority of websites extract all your personal information, including full address, telephone and email, before the calculator comes out with an answer. |
| No need to enter personal information - Just use our simple tables |
| How much equity can be released from a property is a standard calculation and we've created a series of tables below to give you an indication. So take your current age and property value (subtract any mortgage amount) and you can see an estimation of how much money can be released. |
| Thinking of Equity Release? download our FREE guide |
| Not only can Equity Release be complex but for most people their property is their most valuable asset, and by a long way. It's therefore extremely unwise to look into the product without doing some proper and detailed research.
We've therefore created a free equity release guide which offers a step by step approach to researching the market. Failure to properly research what you're actually buying is the principal reason so many people come unstuck with equity release, ie signing up to an expensive deal which has little or no flexibility.
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| Equity Release Calculator |
- Find your age
- Property's value (take off any mortgage loan)
- And then see how much can be released in the right hand box
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Property Value
(net of any mortgage)
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Possible to
release equity of....
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Aged
55
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£100,000
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£21,000
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£150,000
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£31,500
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£200,000
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£42,000
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£250,000
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£52,500
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£300,000
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£63,000
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£350,000
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£73,500
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£400,000
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£84,000
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Aged
60
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£100,000
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£25,000
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£150,000
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£37,500
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£200,000
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£50,000
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£250,000
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£62,500
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£300,000
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£75,000
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£350,000
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£87,500
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£400,000
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£100,000
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Aged
65
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£100,000
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£31,000
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£150,000
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£46,500
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£200,000
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£62,000
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£250,000
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£77,500
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£300,000
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£93,000
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£350,000
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£108,500
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£400,000
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£124,000
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Aged
70
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£100,000
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£36,000
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£150,000
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£54,000
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£200,000
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£72,000
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£250,000
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£90,000
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£300,000
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£108,000
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£350,000
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£126,000
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£400,000
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£144,000
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Aged
75
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£100,000
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£41,000
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£150,000
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£61,500
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£200,000
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£82,000
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£250,000
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£102,500
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£300,000
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£123,000
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£350,000
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£143,500
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£400,000
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£164,000
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Aged
80
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£100,000
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£42,000
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£150,000
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£63,000
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£200,000
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£84,000
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£250,000
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£105,000
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£300,000
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£126,000
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£350,000
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£147,000
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£400,000
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£168,000
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Read more in the Equity Release section:
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| Looking for something? Then search this site: |
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