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.

How We Can Help.

See below for the services we offer

Equity Release

If you're over the age of 55, equity release offers you a way to use the value of your home to raise money.

Protection

There are events we can all face that have the potential to wreck lives and families. It’s a difficult issue to think about, but imagine the...

Mortgages

Mortgages are loans which are intended to help buyers purchase residential property. When you take out a loan, the lender charges interest: the...

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01442 400550
 

01442 400550
45C St. Johns Road,
Hemel Hempstead HP1 1QQ.

info@tudormortgages.co.uk