What costs will I be expected to pay when paying back my equity loan?

You are responsible for the valuation fee and any valuation updates. You’ll need to pay your own solicitor’s costs.

If you have a MyChoice HomeBuy or Local Authority equity loan there is a fixed administration fee of £200. There may also be other costs you have to consider if you’re re-mortgaging to repay your loan – please clarify this with your mortgage lender.