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
8875.22 24.59 0.278
FTSE 250
21284.02 110.689 0.523
FTSE 350
4866.16 14.91 0.307
FTSE All Shares
4816.02 14.88 0.31
Dow Jones
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Nasdaq
19701.213 294.387 1.517

Currencies

Value Move %
0
1.174 -0.001 -0.052
GBP/NOK
13.455 0.017 0.127
0
12.876 0.017 0.134
GBP/USD
1.357 0.001 0.042

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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