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

Broker fee in order to establish your needs, undertake research and make a recommendation, we charge a fee of £895.00. Please note that this fee is non-refundable as it only becomes payable upon the successful completion of your mortgage process.