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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. These 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

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

EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

EQUITY RELEASE WILL REDUCE THE VALUE OF YOUR ESTATE AND CAN AFFECT YOUR ELIGIBILITY FOR MEANS TESTED BENEFITS.

Where we are

86 Castle Street, Hinckley , Leicestershire, LE10 1DD

 

Company address: The Independent Mortgage Centre, 86 Castle Street, Hinckley , Leicestershire, LE10 1DD

The Independent Mortgage Centre is a trading name of Imperial Financial Planning Limited an Appointed Representative of 2plan wealth management which is authorised and regulated by the Financial Conduct Authority. Imperial Financial Planning is entered on the FCA register (www.FCA.org.uk) under no. 178502.

Imperial Financial Planning Ltd. Registered Office: Courtwood House, Silver Street Head, Sheffield, S1 2DU. Registered in England and Wales. Company No. 9447772.

The Financial Ombudsman Service is available to mediate individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit: http://www.financial-ombudsman.org.uk/contact/index.html

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers based in the UK.

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