What does it cost?
If you are considering releasing equity, you should seek independent advice. That is why our qualified advisors are happy to chat to you about equity release at no cost. Helping you understand the full impact of releasing equity, a discussion about costs can help clarify whether releasing equity will benefit you and your financial situation.
We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of 2.25% of the amount released be payable.
Aside from our fee, there may be other costs in setting up your plan; however, we work on your behalf with lenders to reduce set-up costs and even manage to attain cash back that is payable to you on completion.
At Age Partnership, we work with a large number of different lenders, all offering distinct products and services. The costs incurred may vary depending upon the product and the lender.
Our transparent service will ensure that you are never in the dark about the immediate and long term effects of releasing equity – helping you make informed decisions about proceeding with an equity release plan.
You can use our online equity release calculator to find out what effect equity release would have on the size and value of your estate over time. Click here to use our calculator. This tool provides an estimation, discussing with an Age Partnership professional can help provide a more accurate insight into the full effects of releasing equity from your home.
Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks ask for a personalised illustration.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care.
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Things to consider
As multi-award-winning equity release specialists we provide informative impartial advice covering your options as well as explaining how equity release will affect potential inheritance and how your entitlement to means-tested benefits could be affected now or in the future.
We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of 2.25% of the amount released be payable (minimum £1,695).
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care.