Can I Move Home? It can be a difficult decision to commit yourself to one home for the rest of your lifetime. Thankfully, with our equity release plans, you can still choose to move home in the future, whilst continuing with your current equity release plan.
All the plans we have available, approved by the Equity Release Council , guarantee the right to move your plan to a new property. Whilst you will have to ensure the new home meets lender criteria, or you have a plan allowing you to move to any property, this is a great option to make sure you can move home if you desire.
Property Downsizing Another option for many equity plans is to find a plan with downsizing protection. Downsizing your property may not be suitable for many lenders but with a plan that offers downsizing protection, you can move home and repay your outstanding loan without an early repayment charge. Downsizing protection is usually in place if you would like to move home, typically within five years of taking out a lifetime mortgage.
You should never have to deal with penalties and charges when moving home and with the plans we offer, this is never going to be a problem. Our plans contain a number of protections and guarantees to give fantastic value for money.
Contact Us To discuss the plans we have available and what options you have when looking to move home in the future, speak to Essex Equity Release today. We have a huge number of plans for all homeowners to choose from. Make an enquiry and call us on 01268 799211 or fill in our contact form today.
