Equity Release Calculator – Know What You May Get

Just imagine a couple in their 60s or 70s facing financial problems! Certainly not a good thing to think about, however, the situation is rampant in the UK. More and more senior citizens are finding it hard to meet the expenses and live a life, they always wised for. Savings don’t help that much. And those with no savings are just clueless as to how they will live the remaining years of their lives. In such conditions, equity release plans come as the real comfort. Equity release schemes or plans enable senior citizens to use the equity in their homes and get financial assistance, without any need to leave their homes. And with an online equity release calculator, you can have a rough idea of the amount you will receive if you choose to opt for an equity release plan. An equity release scheme simply lets you get a portion of the equity in your home. Now this means that you release equity and continue to live in your home.

To be eligible you must be over 55 and own a home. Now as already mentioned above, you need not to vacate your property. And you can spend the money as per your wise. Buy a new car, pain your home, go for a vacation, or do anything you wished to do after retirement. There are no restrictions at all. And it is good to consult an equity release specialist before you choose a particular plan. He/she will help you choose the best plan, depending upon your specific needs. Yes, you pay the fees but you get the best equity out of your home.And with the help of an online equity release calculator, you can easily check-out the estimated amount you may get out of your equity release plan. Internet is a good source you can use to know about equity release plans. You can even get to know about some well-established equity release specialists who could help you choose the best plan and thus, the best amount. So, what are you waiting for? If you are over 55 years are feeling a financial pinch, equity release plans are the way to choose.At 55+, we are fully independent, professional equity release specialists working in Lancashire, London, Manchester, South East, and across the UK. 55+ Equity Release offers expert advice and an exceptional quality of service, placing your needs first. Try our online Equity release calculator.