Lifetime & Equity release mortgage Overpayment Calculator
Use our overpayment calculator to see how you could reduce the outstanding balance on a Lifetime or Equity Release mortgage, some companies will allow an over payment of up to 10% per annum. Simply enter the amount of the loan, the quoted interest rate, and decide how much you can afford to pay upto the shown Maximum Total Monthly repayment, hit the ‘Calculate’ button to see your result ...
Use this calculator as a guide only not all lifetime mortgages or equity release schemes allow overpayments