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.

 

London Stock Exchange

Value Move %
FTSE 100
8644.18 -2.61 -0.03
FTSE 250
19947.9 36.4 0.183
FTSE 350
4717.77 -0.23 -0.005
FTSE All Shares
4666.39 -0.11 -0.002
Dow Jones
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Nasdaq
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Currencies

Value Move %
0
1.197 0.003 0.264
GBP/NOK
13.597 -0.021 -0.151
0
13.098 -0.001 -0.006
GBP/USD
1.293 0.001 0.11

Biggest Movers

Value Move %
SEGRO
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easyJet
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!

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