How much does equity release cost?

Published / Last Updated on 17/05/2021

Advice on Equity Release costs

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 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.

Financial Adviser Fees

  • Equity release has to be advised on by a suitable qualified financial adviser.
  • Equity release 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.
  • Expect a fee of around £1200 to £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 to £2500.  You should be mindful of these costs when arranging an equity release scheme.

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