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Equity Release Product example

R

r_v.s

Member
In the example, don't we have to include the 5% arrangement fee and explain that as well? Or would that be considered too much technical info?

The example calculation doesn't seem to include this 5%, does it?

The first year's income would be 3865, with the 5% wouldn't it??
 
Odd isn't it?!

In ActEd's CA3 ASET we comment that "Inexplicably, the Examiners' solution ignored the 5% arrangement fee".

Personally, I think it is material, not too technical and, like you, I would have included it in my answer.
 
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