Equity Release - Fees & Charges
To take out an equity release plan you must have financial advice, but the costs for this can vary dramatically as some brokers charge a fee based upon a percentage of the amount you borrow.
At KIS financial solutions we keep our fees simple. We charge £0.
The advice process involves researching the market, advising on and then processing your application. The work involved is the same if you borrow £10,000 or £500,000. So, we pass this saving onto you, our customer.
That’s why our fee is guaranteed to never be more than a competitive £0.
The table below shows you how our advice fee compares with the three biggest brokers in the equity release market. Why pay at least £995 more?
KIS financial solutions
£0
Equity Release Supermarket
£995
Key Retirement
Whole of the market advice fee. 1.99% of the amount released. Subject to a minimum of £1,499. That could be typically £1,870*
Age Partnership
1.95% of the amount released. That could typically be £1,832*
Advice fees as published on broker websites as 1st November 2019.
*Average initial advance, lump sum plans in H2 2018 was £93,966. Equity Release Council Spring 2019 Market Report.
