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Scammell Associates LLP

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Costs

CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.

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:
Scammell Associates LLP, 168 Blandford Road, Hamworthy, Poole, Dorset, BH15 4BH
T: 01202 685801
F: 01202 668009

Email: partners@scammellassociates.co.uk

Registration address as company address
Registration number: OC304306
Registered in: England

Scammell Associates LLP is authorised and regulated by the Financial Services Authority, and is entered on the Financial Services Authority register (www.fsa.gov.uk/register) under reference 230789.

The Financial Services Authority do not regulate National savings products, loans, Will writing and some forms of Buy To Let and Commercial mortgages, offshore funds and inheritance tax planning.

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

Telephone: 01202 685801 | partners@scammellassociates.co.uk

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