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:

Arrangement Fees payable to the lender
Legal Fees
Valuation Fees
Maintenance costs - you are still responsible for maintenance of the property
Insurance costs - maintaining adequate buildings insurance

LIFETIME MORTGAGE CAN QUICKLY ERODE THE REMAINING EQUITY AND AS A RESULT THERE MAY BE NO VALUE LEFT TO PASS ON.

'EQUITY RELEASE' INCLUDES HOME REVERSION PLANS AND LIFETIME MORTGAGES. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

Mortgage & Equity Release

Aspire Independent Financial Planners LLP is a Limited Liability Partnership and is authorised and regulated by the Financial Services Authority. Aspire Independent Financial Planners LLP is entered on the FSA register (www.fsa.gov.uk/register/) under reference 456867.

The FSA does not regulate Will Writing, National Savings products or some forms of Inheritance Tax Planning, Mortgage or Offshore Funds.

The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.