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
10409.28 -16.72 -0.16
FTSE 250
23425.77 100.869 0.432
FTSE 350
5665.5 -5.49 -0.097
FTSE All Shares
5604.03 -5.12 -0.091
Dow Jones
51032.46 363.461 0.717
Nasdaq
26972.62 55.119 0.205

Source: Rapid API
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