What are the initial charges of equity release? The cost of equity release may be lower than you think. Our mortgage advisers will guide you through the entire process and offer an array of equity release options with their 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:
- Arrangement Fees payable to the lender
- Legal Fees
- Valuation Fees
- Maintenance costs - you are still responsible for maintenance of the property
- Insurance costs - maintaining adequate buildings insurance
EQUITY RELEASE WILL REDUCE THE VALUE OF YOUR ESTATE AND CAN AFFECT YOUR ELIGIBILITY FOR MEANS TESTED BENEFITS.
Our advisers are based in Croydon and help clients in the surrounding areas, including: Warlingham, Westerham, Woldingham, Caterham, Oxted, Banstead, Coulsdon, and Purley.
We'll work closely with you to establish your financial goals and then devise the most effective methods of getting there.
