An equity release calculator is a piece of software that will enable potential customers to get an estimate of how much equity they could release from their property. Not all calculators are identical, but in general, clients will have to answer two main questions:
- The Estimated Value of The Property
- The Age Of The Youngest Person With A Stake In The Property
Once the client has entered these details the calculator will provide a figure that they may be able to release and is subject to confirmation of the property value and the clients age(s).