Compare equity release valuation fees…
Will I have to pay an equity release valuation fee?
As with most mortgages, a number of fees usually apply to equity release mortgages, such as arrangement fees, legal costs, early repayment charges, and valuation fees. An equity release valuation fee, as well as the other costs can often be added onto the loan that you take out, but this usually means that you will have to pay interest on it, depending on the type of equity release mortgage you have.
How much is an equity release valuation fee?
The equity release valuation fee is based upon the value of your property, and so will vary from one case to another, but the basic valuation will usually cost around £300. If you choose to borrow more later on, then your lender may charge additional fees.
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Just fill in one quick form and an equity release specialist will contact you who will explain the process and compare quotes for you from across the market, so you will be able to find out how much your equity release valuation fee will be, as well as the other costs involved.