How Much Do Equity Release Companies Charge?

Typical Costs of Equity Release in the UK

Most equity release companies charge £1,500–£3,000 in advice, legal, and arrangement fees.
Interest rates typically fall between 5%–7%, depending on your age, property value, and loan size.

My-Later Life charges only £1,495 — less than many big-name providers — and whats amazing is its only when you complete your plan.
We also provide free consultations and free home visits, so there’s no cost to you unless you take out equity release with us and trust us we will always work out the best option , fit and deal for you as its in our best intrest which is why we have so many recomendations from previous clients.

How Much Do Equity Release Companies Charge?

How My-Later Life is Different
At My-Later Life, we’ve built our service to be simpler and better value:

Flat fee: just £1,495 – lower than many of the market’s big names.
Pay only on completion – no risk of losing money if you don’t go ahead.
Free consultation – so you understand your options with no obligation.
Free house visit – we’ll come to you if you prefer, making the process stress-free.

Why We Charge at All
We would love to not charge for our services and most of our clients end up being friends allthough we do have overheads to be able to offer such a great service , from staff , fuel , office costs , admin costs etc.

Just to let you knoe: We look at your personal circumstances (age, property, finances, inheritance plans).
We compare all the leading lenders to identify the best deal and lowest rate for your situation.
We prepare personalised illustrations, coordinate with solicitors, and support you through to completion.

Our £1,495 fee reflects the time, expertise, and regulated advice needed to protect your interests — but crucially, it’s lower than the big-name providers and only payable if you proceed.

The True Cost of Equity Release
Even though interest rates and compound growth are the largest long-term cost, the upfront fees matter too. With My-Later Life, you’ll know exactly what you’ll pay:

No hidden extras.
No paying before you’re ready.
A transparent flat fee of £1,495 — less than many national firms charging closer to £2,000 or more.

Final Thoughts
So, how much do equity release companies charge? Usually, £1,500–£3,000 and we have heard more from many unscrupulous companies plus interest and legal costs.

At My-Later Life, were a member of the equity release council and the later life mortgage netword so we have the right credentials:

You’ll get free consultations, free home visits, and a clear fee of just £1,495 — less than the big names.
You’ll only pay when you complete your equity release plan with us.
And because we search the whole market, we make sure you get the best possible deal and rate for your unique circumstances.
If you’d like to know exactly how much equity you could release and what it would cost, book your free, no-obligation consultation today.