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
8053.45 13.07 0.163
FTSE 250
19567.17 -152.199 -0.772
FTSE 350
4421.34 1.63 0.037
FTSE All Shares
4375.42 1.36 0.031
Dow Jones
37799.26 -661.66 -1.72
Nasdaq
15409.003 -303.746 -1.933

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