The Seniors Money Lifetime Loan Calculator

Use the Seniors Money Lifetime Loan calculator to determine how much you could receive from our Seniors Money Lifetime Loan.

Step 1

Welcome to the Seniors Money Lifetime Loan Calculator which has been designed to enable you to run your own illustrations.

Once you have entered your age(s) and the estimated value of your home, the calculator will show the maximum amount that you can borrow.

We will also provide you with an estimate of your property value, the loan value and the amount of capital remaining for you or your beneficiaries at various ages.

Work your way through each of the steps:

Your details
Age
Is there a second borrower?	Yes No
Second borrower details In the case of joint borrowers, both must be aged at least 60 years of age.
Age
Loan details
Estimated value of your property:
* Assumed Property growth rate: (% p.a)
* Assumed interest rate: (% p.a)
* Assumed Property growth rate Your property value may increase over time. Please enter the assumed property growth rate you would like to use for this illustration. (The default property growth rate is 2% per annum.)
* Assumed interest rate The current interest rate that is charged on loans is 4.2% per annum (4.5% APR). The actual interest rate may fluctuate over time due to movements in the Euribor base rate, the margin charged to us by wholesale funding banks and movements in the cost of providing a "No Negative Equity" Promise. Please enter the interest rate that you wish to use for this illustration (The default rate is 4.2% per annum).

Notes:

• Interest on the loan and fees is calculated daily at the rate entered above and compounded monthly
• The estimated property value is based on the estimated value of the property and the rate of growth entered above
• The equity remaining is based on the estimated property value, less the accumulated loan balance. It does not allow for any costs that may be incurred upon sale of the property

It is important to note that this Seniors Money Lifetime Loan calculator is for illustrative purposes only. It does not guarantee any future equity in your home.

Property values may not increase over the term of the mortgage, and could even fall.

In the event where the amount of equity remaining is shown as zero, our "No Negative Equity" Promise ensures that you will never have to repay more than the net sale proceeds of your property.

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