Already have a lifetime mortgage?
We will help you find out if your current mortgage is still right for you. We can help you see if there are others with better terms.
- It is important to keep on top of all your payments
- Most lifetime mortgages have fixed interest rates
- Some have charges for early repayment
- Interest rates for new lifetime mortgages change over time
It may be that your best option is to remain with your current plan. But if moving to a new plan could save you money, we can help you with this.
If you need to borrow more money, we can help you decide whether to work with your current lender or go somewhere else.
Equity release fees
There are some associated fees.
1. Advice fee
We do not charge any advice fees.
2. Valuation fee
Most products provide a free valuation. We will always advise the most cost effective option.
3. Legal fee
You should agree a fixed fee with your solicitor. You can do this once the equity release offer is confirmed. Fees depend on the work needed.
We have negotiated a reduced fixed fee from a panel of independent solicitors that we can recommend to you.
4. Application fee
Some lenders charge an application fee. This is usually between £5 and £1000. They sometimes offer the option of a cheaper interest rate.
Some products have no application fee. Your advisor will go through the full costs with you.
Ready to find out more?
We will help you understand your choices. For free advice: