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How much does Equity Release cost?

 

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

Village Houses

For all cases, our 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.

 

A broker fee of £1,490.00 is payable in total. £495.00 is payable when you apply for a Later-Life Lending product and the remaining fee amount of £995.00 is payable on completion of the Later-Life Lending application. We will also be paid a commission from the lender / company that places a charge against / buys your home.

Our broker fee is payable once only. All future advice and any further later-life lending applications are fee-free.

​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.

 

Optimus Mortgages work for you, not the lender, or anyone else. When you pay for later-life lending or mortgage advice rather than using a ‘free’ service, or going direct, you can trust that everything we do is in your best interests. Your personal mortgage adviser learns everything they need to know about your circumstances, so they can find you the best rates for your situation. We could potentially save you up to tens of thousands throughout the term of your later-life lending plan or mortgage.

Later life lending should feel empowering, not overwhelming. That’s why we offer clear, thoughtful guidance and never pushy sales tactics.

Whether you’re planning ahead or facing an urgent decision, click below to get your free guide and learn how to unlock the value in your home with confidence.

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.

We have decades of experience in financial services, and as specialists in this market we have access to a panel of carefully selected leading providers. We can also access the whole market, allowing us to make sure we find a suitable solution for you.  

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

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

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.

We offer a competitive and transparent fee structure.

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Optimus Mortgages is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 945578.

Registered office address for Optimus Mortgages Ltd is 15 Raven Court, Shildon, County Durham DL4 2GX. Registered in England and Wales No.10277354.

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows:

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR www.financial-ombudsman.org.uk

 

Phone calls may be recorded for training and monitoring purposes.

​© Copyright 2021 to 2025 by Optimus Mortgages Ltd. All rights reserved.

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