Will equity release prevent me from downsizing in the future?
Some homeowners worry that if they arrange an equity release plan, they’ll be tied into staying in their current home for the rest of their lives. The truth is that many plans today come with a “right to move” guarantee.
To help you understand the effect of equity release on future downsizing and which lenders guarantee your right to move home in the future, we’ll be discussing the following in today’s article:
- What does equity release involve?
- Can I downsize after equity release?
- What happens to my equity release plan when I downsize?
- Effects of downsizing to a lower value property with equity release
- Effects of moving to a more expensive property with equity release
- Repaying equity release early when you move or downsize
- Find out more about equity release