Why consider Equity Release?
	What should you consider before Equity Release?
	What is Equity Release?
	Which Equity Release scheme?
	The importance of Independent advice
	What are the costs?
	Testimonials

Inshore Independent Financial Advisers Ltd is an appointed representative of The Whitechurch Network Limited which is authorised and regulated by the Financial Services Authority.

What are the costs?

The fees you will have to pay vary depending on the product provider chosen and the value of your home.

Valuation Fee

For a lifetime mortgage the lender will need to have a valuation to ensure your home provides suitable security for the loan they will be providing.

For a home reversion plan the company will need a valuation to assess how much they will pay you for the part of your home you wish to sell to them.

A typical valuation fee for a property worth £300,000 would be £300.

Solicitor’s Fees

These are typically around £390 + VAT plus disbursements. We recommend you use a solicitor that specialises in Equity Release and can introduce you to a suitable solicitor.

In our experience this will help your plan complete smoothly.

We do not receive any commission or incentives from solicitors.

Mortgage Arrangement Fee

Lifetime Mortgage lenders typically charge around £500 which can usually be added to the amount you are borrowing.

This fee does not apply to Home Reversion Plans.

Equity Release Advice fee

We typically charge a fee of £500 to provide you with a report detailing your options a benefits check and our recommendation on the most suitable scheme. This allows us to be completely independent as you will be under no pressure to proceed with any recommendation.

If you decide to proceed with our recommendation we will either charge you an additional fee or receive a procuration fee from the lender all of which will be agreed upfront with you and detailed in your report.

Equity Release/Home Reversion/Lifetime Mortgage – To understand the features and risks, ask for a personalised illustration.