Costs

  • Many turn to equity release to access money tied up in their home without needing to move.
  • When they move into long-term care or pass away, then their home must be sold to repay the debt, plus interest.
  • If you are considering equity release, our experienced advisers can take you through the process; outlining exactly what it is, the advantages and any considerations you will need to be aware of.  
 
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Speak to our professional

Many of our consultants can give advice on savings and investments and equity release. Any one of them will know the current market – savings products, investment opportunities and equity release products – and which could suit you and your lifestyle. They will also be privy to market changes and how this will affect your portfolio, so they can manage things for you continuously. James Dunn, Managing Director and Financial Planner, LL.B (Hons), DipFA Cert CII (MP & ER) is no stranger to managing portfolios. Highly qualified, he brings experience and a wealth of knowledge to his role. And, as Managing Director, he ensures Park Hall’s strong values and high standards are met at all times.  

CONTACT James
James Dunn LL.B (Hons) DipFA Cert CII (MP & ER)
Managing Director / Financial Planner

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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:

Free initial consultation

If you would like to discuss your equity release options with James or one of their colleagues, we invite you to do so by way of an initial free consultation.

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  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
  6. Loss of income, such as reduced eligibility for means-tested benefits

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For financial services that are independent, individually tailored and incomparable, contact us today. Our knowledgeable and helpful advisers will be happy to help.

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EQUITY RELEASE (INCLUDING LIFETIME MORTGAGES AND HOME REVERSION PLANS) WILL REDUCE THE VALUE OF YOUR ESTATE AND CAN AFFECT YOUR ELIGIBILITY FOR MEANS TESTED BENEFITS.

THIS IS A LIFETIME MORTGAGE (HOME REVERSION SCHEME). TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

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How has Philippa Bown helped you?

Phillipa has helped by regular face to face meetings with additional responses to questions. She has guided us through uncertain financial times.  Introduced us to different products to better serve our future. Philippa is an approachable adviser and explains with patience aspects of our financial choices.  We are confident that as we enter a different stage in our lives that her advice will continue to provide a secure base for our future.

Pauline

I have been a client of Park Hall for some years and following some changes in the organisation I have had Andrew as my Advisor for just over 1 year. Andrew undertook a thorough review of my existing portfolio, current financial situation and retirement goals at our first meeting. He provided detailed cashflow forecasting which has provided me with a much better picture given the various scenarios. He also made valuable suggestions regarding costs and charges which will make savings without compromising the investment.

B Taylor

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Tax advice and planning, Buy to Let mortgages and Trusts and not regulated by The Financial Conduct Authority.
Please note that some advice on auto-enrolment schemes is not regulated by the FCA.
The value of your investment can fall as well as rise and is not guaranteed.
This is a lifetime mortgage (home reversion scheme). To understand the features and risks, ask for a personalised illustration.
Your property may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your property. There may be mortgages available on the high street, which Park Hall may not have access to.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk
Park Hall Financial Services Limited is authorised and regulated by the Financial Conduct Authority. FCA No. 514480.
Registered Office: 2 Market Place, Mansfield Woodhouse, Mansfield, NG19 8AS.
Park Hall Financial Services Limited is registered in England and Wales, Reg No. 06839868.
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at customers based in the UK.

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