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Costs

For advice on Equity release we act as introducers only.

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.

Company address:
Mill Lane Asset Management, 20 Norman Way, Melton Mowbray, Leicestershire, LE13 1JE
T: 01664 483124
F: 01664 483125

Email: enquiries@milllane.com

Registration address:
Manufactory House, Bell Lane, Hertford, Hertfordshire SG14 1BP
Registration number: 03568547
Registered in: England

Mill Lane Asset Management Ltd is An Appointed Representative of Sesame Ltd., which is authorised and regulated by the Financial Services Authority

Sesame Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427.

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 the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Company phone: 01664 483124 | enquiries@milllane.com

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