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
9228.11 19.74 0.214
FTSE 250
21725.95 106.139 0.491
FTSE 350
5048.99 12.41 0.246
FTSE All Shares
4995.35 12.33 0.247
Dow Jones
46255.33 237.008 0.515
Nasdaq
22531.729 270.402 1.215

Source: Rapid API
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