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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. These 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

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A LIFETIME MORTGAGE CAN QUICKLY ERODE THE REMAINING EQUITY AND AS A RESULT THERE MAY BE NO VALUE LEFT TO PASS ON.

EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

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Where we are

21 Downsland Road, Basingstoke, RG21 8TU

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Richard Coakes Mortgages is a trading style of Richard Coakes. Registered office: 21 Downsland Road, Basingstoke, Hampshire, RG21 8TU.

Richard Coakes is an Appointed Representative of Cornerstone Finance Group Ltd, which is authorised and regulated by the Financial Conduct Authority.

Cornerstone Finance Group Ltd is registered in England & Wales. No. 08458702. Registered Office: Unit E Copse Walk, Pontprennau, Cardiff, Wales, CF23 8RB.

Richard Coakes (No. 954227) and Cornerstone Finance Group Ltd (No. 767202) are entered on the Financial Services Register at https://register.fca.org.uk/.

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

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