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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.

Company address: Cavell Rose Financial Services, Jonathan Scott Hall, Thorpe Road, Norwich, Norfolk, NR1 1UH
T: 01953 887160 - E: info@cavellrose.co.uk

Cavell Rose Financial Services is a trading style of Cavell Rose Ltd, which is an appointed representative of Quilter Financial Services Limited, which are authorised and regulated by the Financial Conduct Authority.

Cavell Rose Ltd: Registered in England & Wales, No. 07561055. Registered Office: Jonathan Scott Hall, Thorpe Road, Norwich, NR1 1UH.

FCA Registered Address:Jonathan Scott Hall, Thorpe Road, Norwich, NR1 1UH.

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

Approver Quilter Financial Services Limited 06/12/2024

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