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, Lifetime Mortgages & Home Reversion plans will reduce the value of your estate and can affect your eligibility for means tested benefits.

Business address: Home Mortgage Services, Byron Business Centre , Duke Street, Hucknall, Nottingham, NG15 7HB T: 07825331971 E: [email protected]

Home Mortgage Services is a trading style of Andrew Orwin an appointed representative of Quilter Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority. Quilter Mortgage Planning Limited is entered on the FCA register (https://register.fca.org.uk/s) 440718.

Some Buy to Let Mortgages are not regulated by the Financial Conduct Authority.

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

Approver Quilter Financial Services 27/08/2025.

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