How much does it cost? 

When taking out a Stonehaven lifetime mortgage, there are some charges that you will need to pay. Below are the main costs, however please refer to 'Our Charges' which provides more detail on the costs involved.

Application Fee

If applicable, this covers the initial cost of setting up the plan and is payable by cheque when the application is submitted. See 'Our Charges' to see if this applies.

Valuation Fee

This covers the cost of valuing your property and is again, payable by cheque cheque when you submit the application.

Completion Fee

This is paid on completion and will be added to your loan.

Your solicitor's fees

You should agree these with the solicitor of your choice. Stonehaven's legal fees are covered within the Completion Fee.

Early Repayment Charges (ERCs)

The loan may be repaid in full, or in part, at any time. However, our plans are designed to last for the rest of your life so an ERC may be payable. Your financial adviser will explain when and how you may have to pay this. It is also explained in your Key Facts Illustration.