What's the total cost?
The average fees for taking out equity release are estimated to be in the region of £1,850. But it's also worth noting that not every application will incur the same charges. For example, with some plans, you won’t pay a lender’s application or survey fee. It's important you speak to an expert equity release adviser to find out what you'll pay before you agree to release equity.
When do you pay your equity release fees?
Even though the fees above cover the entire process, you may be expected to pay them at different times.
If applicable, this is usually paid with the application
This is typically paid when you receive your tax-free funds on completion.
If applicable, this is usually paid when your plan begins, and you receive your tax-free funds.
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