What are the costs involved?

Valuation Fee

For a lifetime mortgage the lender needs to have a valuation to ensure your home provides suitable security for the loan.

For a home reversion plan the company will need valuation to assess how much they will pay you for the part of your home you want to sell to them.

A typical valuation fee for a property worth £300,000 would be £300.

Solicitor’s Fees – these are typically around £495 inc VAT and disbursements.

We can introduce you to a solicitor who specialises in Equity Release.

In our experience this will help your plan complete smoothly.

We do not receive any commission or incentives from solicitors.

Mortgage Arrangement Fee

Lifetime Mortgage lenders typically charge around £500 which can usually be added to the amount you are borrowing.

This fee does not apply to Home Reversion Plans.

Equity Release Advice fee

We typically charge a fee of £195 payable upon application and £600 payable upon completion of your Equity Release. This is subject to your circumstances and we will discuss this with you.

We have an alliance with one of the UK's largest Equity Release firms. This enables use to offer exclusive products not available through most financial advisers.

For example this may involve reduced or free valuation fees or a cashback to assist with the setting up costs.

Ask for a free Equity Release guide or call free on 0800 018 5753