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
10472.45 -16.59 -0.158
FTSE 250
23240.56 222.92 0.968
FTSE 350
5706.82 15.5 0.272
FTSE All Shares
5644.6 15.33 0.272
Dow Jones
52555.53 68.121 0.13
Nasdaq
26280.633 73.742 0.281

Source: Rapid API
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