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
8608.48 -26.319 -0.305
FTSE 250
19649.63 58.771 0.3
FTSE 350
4692.25 -11.03 -0.235
FTSE All Shares
4640.5 -10.97 -0.236
Dow Jones
42225.32 235.359 0.561
Nasdaq
17601.047 151.156 0.866

Currencies

Value Move %
0
1.196 -0.004 -0.294
GBP/NOK
13.545 -0.007 -0.049
0
12.847 -0.024 -0.186
GBP/USD
1.306 0.006 0.436

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.

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