How much does equity release cost

Published / Last Updated on 12/03/2017

Equity Release FeesCost of Equity Release

How much does equity release cost?

A simple list of costs that you may expect to incur when arranging an equity release scheme

Equity Release Company Fees

  • Survey Fee £300 to £500 (many lenders will offer this for free as part of the application
  • Application Fee - some lenders may ask for an upfront administration fee just to ensure you are serious

Legal Fees

  • This is like any other mortgage or property sale/purchase expect to pay between £500 and £1000 depending upon the value of your home. 
  • We can search our database for a low cost lawyer is you wish.  Contact us today.

Financial Adviser Fees

  • Equity release has to be advised on by a suitable qualified financial advisers.
  • Equity release is high risk advice and the adviser has a duty to protect you and make sure you get the right advice.
  • They are responsible for the advice that they give you.
  • Expact a fee of around £1200 - £1500. 
  • Many equity release firms allow some or all of your adviser fee to paid for from the equity release charges (this used to be known as a commission).  You can use this to offset against you adviser fee. 

In total, expect fees of around £2000-£2500.  You should be mindful of these costs when arranging an equity release scheme.


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