Interest Only Lifetime Mortgage Calculator
Access the growing range of interest-only lifetime mortgages and obtain interest calculations, projections and quotations for greater financial freedom.
Compare Lifetime Mortgages With Our Experts!
Author- Paul Murphy
Later Life Finance Limited.

Interest only lifetime mortgage calculator
Get your free lifetime mortgage calculation...
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If you are seeking greater financial freedom from your mortgage lender, our interest only lifetime mortgage interest calculator tools provide our experts the means to dive down into detailed reports and calculations.
We can show you the benefits of making regular interest payments to your lifetime mortgage, and how this will affect your estate.
Later Life Finance are experts in flexible lifetime mortgages, which include the increasing range of interest only lifetime mortgages, which we compare as part of our advice service to secure you the best possible deal.
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Voluntary repayment lifetime mortgage calculator
We provide a complete lender research service, including a voluntary repayment lifetime mortgage calculator
- Interest only lifetime mortgage payment projections
- Detailed analysis of regular, ad hoc and voluntary payments
- Graphs showing how interest payments effect your remaining equity and the impact on inheritance tax
Which is the best Interest only equity release calculator?
Understanding how your preferred mortgage repayments can impact on the interest costs will help you decide whether a lifetime mortgage is suitable for your requirements.
You may be wondering if lifetime mortgages are a good idea and if they are suitable for your needs.
To compare the top 10 equity release companies, we have reviewed and listed the best lifetime mortgage providers to help you compare your options, including lender features, such as downsizing protection, voluntary repayments and more.
Interest only lifetime mortgage calculator
Can you release equity on an interest-only mortgage?
Yes, you can release equity on an interest only mortgage. As a specialist broker, Later Life Finance will review the whole lifetime mortgage market to source you the best deal.
Equity Release to Pay Off Interest-Only Mortgages Overview:
- Eligibility: Typically available for homeowners aged 55+
- How it Works:
Release tax-free equity from your home.
Use funds to repay your interest-only mortgage.
Continue living in your home. - Types of Equity Release:
Lifetime Mortgage: - Retain ownership & preserve equity with interest payments.
Can you release equity on an interest-only mortgage?
Yes, you can release equity on an interest only mortgage. As a specialist broker, Later Life Finance will review the whole lifetime mortgage market to source you the best deal.
Equity Release to Pay Off Interest-Only Mortgages Overview:
- Eligibility: Typically available for homeowners aged 55+
- How it Works:
Release tax-free equity from your home.
Use funds to repay your interest-only mortgage.
Continue living in your home. - Types of Equity Release:
Lifetime Mortgage: - Retain ownership & preserve equity with interest payments.
Get your free lifetime mortgage calculation...
Interest Only Lifetime Mortgage FAQs
Next steps: Contact Later Life Finance for calculations and quotes
Tailored Recommendations: Our expert advisers will assess your individual circumstances, financial goals, and risk tolerance, and, if suitable, recommend the most suitable lifetime mortgage plan. This will involve comparing different product features, interest rates, and lenders from the whole market to find the best fit for your needs.
Expert Guidance: Our advisers have in-depth industry knowledge of the lifetime mortgage market to ensure you source the best solution for your specific needs. We will explain the pros and cons clearly and answer all your questions, to ensure absolute clarity prior to proceeding with an application.
Identifying Suitable Products: Navigating the equity release market can be complex. Our experts will identify products that meet your specific requirements and eligibility criteria, saving you time and effort in your research.
Assessing Your Financial Situation: A comprehensive assessment will help identify potential risks and challenges associated with equity release. This allows you to make informed decisions about whether it’s the right choice for you, and how to mitigate potential risks.
Application process: Our expert advisers manage the entire application process, including negotiating with lenders, gathering necessary documentation, and ensuring a smooth and efficient process.
Ongoing Support: Later Life Finance provide ongoing support and guidance even after the equity release plan is in place. This can be valuable for addressing any questions or concerns that may arise in the future. For example, if you decide to move home in the future or your circumstances change, we will assist with any further questions or support as needed.