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Brian Mellor
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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.

Mortgage & Equity Release
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Company address:
Brian Mellor Financial Services Limited, Russell House, 20 Stockwell Street, Leek, Staffordshire, ST13 6DS
T: 01538 371 288
F: 01538 372092

Email: admin@brianmellorfs.co.uk

Registration address as company address
Registration number: 07495677
Registered in: England & Wales

Directors: B R Mellor, L E Mellor

Brian Mellor Financial Services Ltd is Authorised and Regulated by the Financial Services Authority.

Brian Mellor Financial Services Limited is entered on the FSA register (www.fsa.gov.uk/register/) under reference 540721.

The FSA do not regulate National Savings products, personal and commercial loans, wills/will writing, utilities, book sales or some forms of mortgage, tax planning, inheritance tax planning, offshore funds or equity release schemes.

The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Telephone: 01538 371 288 | admin@brianmellorfs.co.uk

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