Equity Release Fees and Charges
Published / Last Updated on 28/06/2019
Think of Equity Release like any other mortgage for fees such as application fees, survey/valuation fees, legal fees and financial advice fees. Some lenders may offer deals on valuation or legal fees.
Lots of financial advisers charge a % of the value of the equity release loan. E.g. 2%, 3%, 4%. We charge a fixed fee rather than a contingent charge.
- Retirement mortgage - you pay the interest
- Lifetime mortgage - interest rolls up
- Reversion scheme - sell a share or all of your home
