Disclosure
Equity Release Setup Costs in 2025: What to Expect
Setup costs for equity release can include advice fees, application fees, valuation fees, and legal fees, which vary by provider and can often be added to the loan amount.
What Are the Setup Costs for Equity Release? Discover the True Cost, Key Factors & Unexpected Fees in Home Equity Release. What Surprises Await?
This article contains tops tips from our experts, backed by in-depth research.
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Key Takeaways
- The typical costs involved in setting up an equity release include arrangement fees, valuation fees, solicitor's fees, and potentially an advice fee.
- The cost in the UK generally ranges between £1,500 and £3,000, though it can vary based on individual circumstances.
- While most costs are upfront, some potential hidden costs might include early repayment charges or increased interest rates in certain conditions.
- Affordability largely depends on your financial situation, and can often be rolled into the loan to avoid upfront fees.
- Factors include the value of your property, the amount you wish to release, and the specific plan chosen.
If you're considering using equity release to fund your retirement, you'll want to know how you can minimise equity release setup costs.
If that's the case, take the time to understand all of the costs and fees involved and then decide if it's the best option to help you reach your financial goals.
In This Article, You Will Discover:
We've combed through the market and leading providers to answer your burning questions. Continue reading as we outline some of the ways you can reduce setup costs for equity release.
Let's find out now!