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
10176.45 48.49 0.479
FTSE 250
21203.71 249.211 1.189
FTSE 350
5494.56 30.07 0.55
FTSE All Shares
5430.69 29.67 0.549
Dow Jones
46341.51 1125.371 2.489
Nasdaq
21590.629 795.988 3.828

Source: Rapid API
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