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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 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.

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Company address:
Police Clubs Financial - Newforge Country Club, 18b Newforge Lane, Belfast, BT9 5NW
T: 08000 322 966
F: 028 90 666 890

Email: enquiries@policeclubsfinancial.com

The levels and bases of taxation are subject to change.

The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. This site does not confer any form of personalised financial advice, should you wish to receive specific financial advice please contact us.

Police Clubs Financial is a trading style of McAuley Financial @ Newforge which is an appointed representative of TenetConnect Limited, which is authorised and regulated by the Financial Services Authority. TenetConnect Limited is entered on the FSA register under reference 149826.

Telephone: 08000 322 966 | enquiries@policeclubsfinancial.com

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