Equity Release Early Repayment Charge
Find out more about equity release early repayment charges…
If you have taken an equity release scheme out but have found that you are able to repay the loan before the term is up (before your home is sold), you may be hit with an equity release early repayment charge. 
With many loans, an early repayment charge applies as a way of covering the administration costs. However, how much an equity release repayment charge will be will depend on the equity release provider.
To find out more about equity release early repayment charges, use our free equity release service. It's easy, all you have to do is:
- Fill in one form
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- Discuss your options
- Receive free, no obligation, equity release advice and quotes
We can help you find out if you will be subject to an equity release early repayment charge, get in touch today to learn more!
Lifetime mortgages as from October 2004 are regulated by the Financial Services Authority. A lifetime mortgage is a loan secured on your home. The loan and interest are normally repaid from the proceeds of the sale of your home when you die or move into long term care. With a home reversion plan you sell all or part of your home for cash. However you do not get the full market return for doing so.
The above equity release mortgage detail is for information purposes only as does not constitute financial advice under the Financial Services and Markets Act 2000. When considering any type of equity release product, it is important that you seek independent legal advice.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.