Costs

For mortgage advice we can charge a fee of £500 or we can receive commission from the lender.

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

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

THESE ARE LIFETIME MORTGAGES AND HOME REVERSION PLANS. TO UNDERSTAND THEIR FEATURES AND RISKS ASK FOR A PERSONALISED ILLUSTRATION.