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:
- Arrangement Fees payable to the lender
- Legal Fees
- Valuation Fees
- Maintenance costs - you are still responsible for the maintenance of the property
- Insurance costs - maintaining adequate building insurance
- 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.