Costs

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 maintenance of the property
  5. Insurance costs - maintaining adequate buildings insurance

A LIFETIME MORTGAGE CAN QUICKLY ERODE THE REMAINING EQUITY AND AS A RESULT THERE MAY BE NO VALUE LEFT TO PASS ON.

EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

Company address: {Company Name}, 192B Station Road, Edgware, Middlesex, HA8 7AR

T: 033 33 447 300 E: info@mortgage-pro.co.uk

Registered office address: {Reg Address 1}, {Reg Address 2}, {Reg City}, {Reg County}, {Reg Postcode}

Registered in England and Wales under reference {Reg No}

{Company Name} is an appointed representative of <Network Name>, which is authorised and regulated by the Financial Conduct Authority.

<Network Name> is entered on the Financial Services Register (www.fca.org.uk/register) under reference {Network FCA Reference No}.

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

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