What fees will I have to pay to take out a Lifetime Mortgage?
Published 18/03/2016 11.42 AM | Updated 01/11/2017 01.06 AM
With the LV= Lump Sum+, an application fee of £595 will apply. With the LV= Flexible Lifetime Mortgage, this application fee is £695. This is usually deducted at completion stage. An upfront valuation fee may need to be paid, depending on the value of your property. Your IFA and Solicitor will also charge a fee for their work in the setting up of the Lifetime Mortgage.
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