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 the maintenance of the property
  5. Insurance costs - maintaining adequate building insurance
  6. Loss of income, such as reduced eligibility for means-tested benefits

EQUITY RELEASE (INCLUDING LIFETIME MORTGAGES AND HOME REVERSION PLANS) WILL REDUCE THE VALUE OF YOUR ESTATE AND CAN AFFECT YOUR ELIGIBILITY FOR MEANS TESTED BENEFITS.

STOCK DATA
Value Move %
FTSE 100
8182.96 -69.95 -0.848
FTSE 250
21189.52 -13.381 -0.063
FTSE 350
4532.39 -33.64 -0.737
FTSE All Shares
4490.19 -32.56 -0.72
Dow Jones
40211.72 210.82 0.527
Nasdaq
18472.566 74.166 0.403

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