Costs

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.

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Brook Farm, Swineyard Lane, High Leigh, Pickmere, Cheshire, WA16 OSD

JML Mortgage Solutions is a trading style of Aspire 2011 LLP.

Aspire 2011 LLP is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority.

Aspire 2011 LLP is registered in England and Wales.

Company Number OC337443. Registered Address: 17 George Street, St. Helens, Merseyside, WA10 1DB.

The guidance and/or information contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK.

Approver Quilter Financial Services Limited and Quilter Mortgage Planning Limited 27/11/2023.

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