IFA Hemel Hempstead, Hertfordshire ~ Financial Adviser Hemel, Herts ~ Financial Planning St Albans ~ Financial Advice Watford
Pensions Advice Hemel Hempstead, Herts ~ mortgage advisers St Albans & Watford

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 maintenance of the property
  5. 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

Sterling Independent Advisers LLP is authorised and regulated by the Financial Services Authority (FSA). Sterling Independent Advisers LLP is entered on the FSA register (www.fsa.gov.uk/register/) under reference 469508.

The Financial Services Authority does not regulate taxation and trust advice National Savings products, will writing and some aspects of finance, off shore funds and buy to let mortgages.

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.

Company address: Sterling Independent Advisers LLP - Swan Court, Waterhouse Street, Hemel Hempstead, Hertfordshire, HP1 1DS
T: 01442 233210
F: 08714 290046

Email: advice@sterling-ind.com

Registration details: Registration address as company address
Registration number: OC328827
Registered in: England & Wales