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Equity Release - Fees & Charges
Equity Release - Fees & Charges
To take out an equity release plan you must have financial advice, but the costs for this can vary dramatically as some brokers charge a fee based upon a percentage of the amount you borrow.
At KIS financial solutions we keep our fees simple. We charge £0.
The advice process involves researching the market, advising on and then processing your application. The work involved is the same if you borrow £10,000 or £500,000. So, we pass this saving onto you, our customer.
That’s why our fee is guaranteed to never be more than a competitive £0.
The table below shows you how our advice fee compares with the three biggest brokers in the equity release market. Why pay at least £995 more?
KIS financial solutions
£0
Equity Release Supermarket
£995
Key Retirement
Whole of the market advice fee. 1.99% of the amount released. Subject to a minimum of £1,499. That could be typically £1,870*
Age Partnership
1.95% of the amount released. That could typically be £1,832*
Advice fees as published on broker websites as 1st November 2019.
*Average initial advance, lump sum plans in H2 2018 was £93,966. Equity Release Council Spring 2019 Market Report.
Where to find us:
111 Bramston Street, Rastrick, Brighouse,
HD6 3AQ, UNITED KINGDOM
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).