There are more and more products coming on to the market that include a free valuation. This means that you can apply for Equity Release without any costs upfront and then if you change your mind before you complete, for any reason, then it has cost you nothing.
That doesn't mean there aren't fees in general. There may be arrangement fees charged by the lender that can be added to the loan and there will be legal costs to complete the process. Although there are deals with no arrangement fees and also deals that will cover legal costs, or pay a cashback to cover the legal costs.
It's important to look at all the options carefully with your adviser to work out what is best for you.
Call us today on 01484 605931 to find out how more.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT
Think carefully before securing other debts against your home. Your mortgage is secured on your home, which you could lose if you do not keep up your mortgage payments. 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.
KIS financial solutions is Authorised and Regulated by the Financial Conduct Authority (FCA No. 302556).