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
10749.08 92.8 0.871
FTSE 250
24436.06 108 0.444
FTSE 350
5857.45 48.2 0.83
FTSE All Shares
5794.03 47.46 0.826
Dow Jones
51850.55 195.602 0.379
Nasdaq
27245.902 -120.268 -0.439

Currencies

Value Move %
0
1.182 -0.001 -0.101
GBP/NOK
12.639 -0.016 -0.129
0
13.235 -0.026 -0.198
GBP/USD
1.323 0.002 0.185

Biggest Movers

Value Move %
SEGRO
795.6 +52.4 +7.05
easyJet
477.8 -18.1 -3.65
!

Market data is subject to a 15-minute delay.

Tell us where you are in your life so we can help you.