How much does Equity Release cost? Is Equity Release expensive?

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At Optimus Mortgages we believe in being competitive and transparent on fees.

Your initial consultation is free, and you will not be asked to pay a fee until we are ready to submit the application on your behalf. At that point we ask for an application fee of £395.00. Our broker fee of £995.00 is payable on completion of your mortgage. The total fees payable to Optimus Mortgages Ltd are £1,390.00.

As when you first took out your mortgage, there are additional services and processes that you will need to pay for, such as solicitor’s fees, the lender’s application fee and surveyor’s valuation fee and these are additional expenses of which you need to be aware.

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Equity Release may not be suitable for everyone.

Releasing capital from your property, will reduce the amount of inheritance that can be left and may impact the receipt of any means-tested benefits.

Why choose Optimus Mortgages?
 

• Our initial consultation is completely free, and there is absolutely no obligation to proceed.

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• We have decades of experience in financial services, and being completely independent and whole of market lifetime mortgage brokers means that we are not tied to any lender or third party, allowing us to make sure we get you the best deal.  

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• You will be designated your own dedicated specialist equity release adviser, with their own direct email and telephone number, so you can be confident that you will always be dealing with the same person.

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• Our fully qualified equity release specialists will always deal with you in plain English, not jargon. 

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• With our easy to use client portal you can receive updates on the progress of your application 24 hours a day, seven days a week, as well as being able to securely upload and review documents.

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• We offer a competitive and transparent fee structure.

Use our free calculator

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See how much tax-free cash you could release from your home with our our free equity release calculator

Speak to an adviser

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Book an appointment with a specialist adviser at a time that is good for you

Optimus Mortgages offer lifetime mortgages, which is a loan secured against your home. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.

To safeguard your health, our expert advice is now available over the phone or via video appointment, whichever is right for you. If you are interested in finding out more, please get in touch, either online, or by calling us on 03330 067783. Click here for more info.