Lloyds Bank Equity Release Calculator (Rates & Plans)

If you are reading this, it’s likely you have an interest-only mortgage with Lloyds Bank and you want to retire. This means paying monthly repayments will be onerous on your finances, given that you want to retire. One way to pay the balance back is via equity release. However, Lloyds Band does not offer equity release products, neither a lifetime mortgage nor a home reversion. Instead, they might refer you to a lender who deals with these matters. One such lender is Scottish Widows. However, there exist many such lenders, and thus, the best way to approach this issue is via an independent financial advisor, one who can search the ‘whole of market’ on your behalf. Doing so might result in you not getting denied equity release, and it may also result in you getting a better deal with lower interest rates, meaning your estate will pay back less interest when the loan is ultimately paid back when you die or when you go into long-term care. Complete the equity release calculator below to find out how much you can release.

Now Complete Lloyds Bank Equity Release Calculator (Rates & Plans)

How Much Tax Free Cash can I Release?

Use the equity release calculator below to discover how much money you could release from your home, for anything from bills to the purchase of a second home or a holiday home. Once you have received the estimate from our lifetime mortgage calculator, contact us for financial advice relating to equity release, and we will inform you of the further details that may affect your decision such as interest rates, receiving a lump sum vs regular instalments, and the repayment requirements.

I'm years old, and my is worth around