Aviva Equity Release Calculator
If you are a homeowner who is currently retired or thinking of retiring you might have looked at your savings felt as though you are ‘asset rich, cash poor’ and are wondering if you can unlock any of the equity tied up in your home.
If so you might have been thinking of using the Aviva equity release calculator to find out how much you might be able to get your hands on from an equity release lifetime mortgage.
Although the Aviva equity release calculator can give you a rough idea of how much capital you may be able to borrow from your home. The real amount a lender will be willing to loan you will be based on a professional valuation of your home. They will also take into consideration other criteria when calculating the amount such as;
- Your age.
- If you want a joint or single mortgage.
- How much you want to put aside to leave to your beneficiaries.
Equity release costs.
Remember that many plans feature arrangement and administrative fees so it is important to factor this in when thinking about how much you will be taking out from your home’s equity.
What you should consider.
Although equity release has become popular among older homeowners it is important that you carefully consider all of your options before committing to any plan, equity release is not right for everyone and it will reduce what you can leave behind to your loved ones.
Therefore speaking to an intermediary might help you. to find out more about the different types of equity release and which one is right for you, simply click on the link and fill in the quick form and an equity release specialist will get back to you with free, no obligation quotes and advice.