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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 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

Company address:
GCF Financial Ltd, Westhill Business Centre, Arnhall Business Park, Westhill, Aberdeenshire, AB32 6UF
T: 0845 390 1230
F: 0845 390 1240

Email: enquiries@gcf-ltd.com

Registration address:
23 Rubislaw Terrace, Aberdeen AB10 1XE
Registration number: SC297113
Registered in: Scotland

GCF Financial Ltd is authorised and regulated by the Financial Services Authority. GCF Financial Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 511660.

The FSA do not regulate National savings products, loans, Will writing and some forms of mortgage, offshore funds and inheritance tax planning.

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

For Investment planning we make recommendations based upon the Whole-of-Market

Telephone: 0845 390 1230 | enquiries@gcf-ltd.com

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