Equity Release Compared Provides Free Equity Release Calculator to Help Baby Boomers in their Equity Release Loan

As more baby boomers come to retirement age, the question of getting enough funds to retirement.

Chorley, United Kingdom (prHWY.com) December 26, 2012 - Chorley, United Kingdom - December 25, 2012 - Baby boomers are those who were born between 1946 and 1964. As massive as the baby boom of their era, so is the expected number of them turning retirement age today. With inflation lowering the value of their retirement funds, these senior citizens are looking for more sources of funds. One option that is rapidly gaining popularity in the UK is taking out an equity release loan. However, this option may not be for everyone and some of the steps may seem a bit daunting for the average British elderly citizen.

A great way to understand how an equity release works and to make an intelligent decision if it is the best option for someone is to see how much equity can one take out from their home and be able compare different equity release lenders at a glance. This is exactly the kind of service Equity Release Compared is providing; a simple way to check the amount of money one can expect in case they want an equity release and then easily compare the whole equity market in the United Kingdom.

Currently, there are two options when it comes to choosing equity release; there is Lifetime Mortgage and Home Reversion Plan. Each has different methods in providing the funds an applicant may need. Since each equity release company varies on the age of who they will accept an application as well as different schemes and rates, it is important to compare each company, their terms and conditions before pushing through with a decision.

To help equity release applicants get past some of the most basic factors to consider, Equity Release Compared is providing a free service in their website where users can use their free but precise equity release calculator. Using this simple tool, aspiring applicants can already have an idea of the amount they will be expecting and weigh their options from there.

They also cater a list of providers that are certified by the Equity Release council that guarantees that all the schemes they offer to will be in line with the proper rules and regulations. According to the Equity Release Council's website, an ample amount of research must be done before finalising any contract or agreement to avoid problems later on and end up with pleasing results. Read what they have to say in their website:

"If you are thinking of taking out an equity release plan then you need to find out as much as you can about your options and weigh up the advantages and disadvantages fully before you decide if equity release is right for you." reports the Equity Release Council regarding those seeking to apply for an equity release. "Done correctly, equity release should have no impact on an individual's tax position or their state benefits; however each individual's circumstances need to be assessed."

For those interested in applying for an equity release, www.equityreleasecompared.com is a leading website whose aim is to help people make the right decisions. Their clients can easily compare lenders, get great tips and ideas about the advantages and disadvantages of different equity release schemes and many more. Anyone who wants to understand how an equity release works and make smart decisions regarding their retirement plans should definitely visit their website.

About www.equityreleasecompared.com

They are a leading company whose business is helping those who are planning to take out an equity release in the United Kingdom. They provide an accurate equity release calculator for free in their website, great tips and information about the different options regarding an equity release so their clients can make better decisions. Visit their website today for more information or send them a quick message in their contact page.

Contact
Erica Faulkner
contact@equityreleasecompared.com
Chorley, United Kingdom

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Tag Words: equity release calculator

Categories: Loans

Press Release Contact
Erica Faulkner
Equity Release
Chorley, United Kingdom
contact@equityreleasecompared.com

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