The lifetime mortgage benefits from subsidies under Law 41/2007, which includes exemption from IAJD (not to be paid), as well as reduced notary and registry fees compared to a standard mortgage loan.
Typically, there is an arrangement fee that varies based on the loan amount to be obtained.
In some cases,  lending institutions will cover notary and agency fees, in other cases they will assumed by the borrower.
In any case, the expenses charged will be included in the loan itself.
The only upfront expense that needs to be paid is the cost of the appraisal, which is incurred once the client has made a decision and we have confirmed the initial feasibility.
Our Lifetime Mortgage illustration provides a comprehensive breakdown of all the costs involved in the transaction, including the progression of the debt over time.