How Much Can I Borrow?
There are many variables when calculating how much you may be able to borrow against the value of your property. Bright Equity Release Solutions will advise you on the basis of your individual circumstances and needs. Our calculator on the home page should give you a first indication, but this will provide an indication only and should not be considered as a firm figure. Because we are independent advisers we will recommend only what is right for you and equity release is not the right option for everyone. If we consider this to be the case then we will tell you in a straightforward way and look at other options that may be available to you.
On the Lifetime Mortgage and Home Reversion pages of this website you will find a summary of the implications of equity release for you. But as always, these would be best explained when we talk to you.
The amounts available from Lifetime Mortgages and Home Reversion are different, because the schemes are based on different ways of calculating the amount of money that may be available.
However, both schemes are based on the variables of the value of your property and your age.
These provide amounts as a starting point, but again Bright Equity Release Solutions will need to advise you specifically on both the amount of money you could release and how this may affect your future circumstances. The calculators below let you enter your age and value of property to give an indication of how much may be available from Lifetime Mortgage schemes and from Home Reversion schemes.
Lifetime Mortgages
The figures indicated by using the Bright Equity Release Solutions calculator are for information only and to provide a guide to you. Figures showing on the calculator when you enter your own information are sourced as an average from 5 providers during August 2008.
Actual figures, which will be provided by a Bright Equity Release Solutions adviser, will depend on your individual circumstances and specific guidance will be provided. Actual amounts offered will depend on individual lenders and their own criteria.
To understand the features and risks of a lifetime mortgage ask for a personalized illustration.
Home Reversion
Actual figures which will be provided by a Bright Equity Release Solutions adviser, will depend on your individual circumstances and specific guidance will be provided. Actual amounts offered will depend on individual lenders and their own criteria.
To understand the features and risks of a home reversion ask for a personalized illustration.