Costs

How much does equity release cost?

Costs of Equity Release Schemes

Take into consideration that when entering into any type of equity release scheme there will be set up costs and ongoing costs which can include:

  1. Arrangement Fees payable to the lender
  2. Legal Fees
  3. Valuation Fees
  4. Maintenance costs - you are still responsible for maintenance of the property
  5. Insurance costs - maintaining adequate buildings insurance

A LIFETIME MORTGAGE CAN QUICKLY ERODE THE REMAINING EQUITY AND AS A RESULT THERE MAY BE NO VALUE LEFT TO PASS ON.

EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

STOCK DATA
Value Move %
FTSE 100
7518.35 53.55 0.717
FTSE 250
20065.59 141.48 0.71
FTSE 350
4183.88 29.76 0.716
FTSE All Shares
4149.88 29.54 0.717
Dow Jones
32654.59 431.17 1.338
Nasdaq
11984.522 321.731 2.759

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