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.

London Stock Exchange

Value Move %
FTSE 100
8093.54 53.16 0.661
FTSE 250
19695.72 -23.648 -0.12
FTSE 350
4444.16 24.45 0.553
FTSE All Shares
4397.79 23.73 0.543
Dow Jones
38460.92 -42.77 -0.111
Nasdaq
15712.749 16.109 0.103

Currencies

Value Move %
0
1.166 0.002 0.153
GBP/NOK
13.694 -0.002 -0.013
0
13.589 0.034 0.252
GBP/USD
1.251 0.004 0.353

Biggest Movers

Value Move %
SEGRO
795.6 +52.4 +7.05
easyJet
477.8 -18.1 -3.65

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