Can You Still Move Home with Equity Release ? - July 2020
This video Can You Still Move Home with Equity Release ? covers the situation when you may wish to downsize and move home as part of your estate planning or home care requirements.
Having taken equity release does not mean that you are necessarily trapped in your property.
You can still Downsize or Upsize if you wish, with the permission of the lender.
Some lenders will require the initial mortgage plus accrued interest to be repaid on moving. This will obviously reduce the amount available for the new home.
Some lenders will allow the original arrangement to continue if there is enough equity in the new property.
Examples can be seen in my blog https://www.explainingequityrelease.c...
Here is a summary of the videos in this series available to view now.
Who Is Pat Cunningham and Why Is He Explaining Equity Release ?? • Who Is Pat Cunningham & Why Is He Explaini...
What is Equity Release ?– July 2020 • What is Equity Release? -July 2020.
What is Compound Interest in Equity Release? - July 2020 • Equity Release - What is Compound Interest...
How do you qualify for Equity Release? - July 2020 • How do you qualify for Equity Release? - J...
Equity Release Safeguards and Guarantees - July 2020 • Equity Release Safeguards and Guarantees -...
Getting Permission from Occupants for Equity Release - July 2020 • Getting Permission from Occupants for Equi...
How Long Does It Take To Arrange Equity Release ? - July 2020 • How Long Does It Take To Arrange Equity Re...
Equity Release Early Repayment Charges - July 2020 • Equity Release - Early Repayment Charges -...
What Happens with Equity Release when You Enter Long Term Care ? - July 2020 • Equity Release - What Happens When You Ent...
What Happens with Equity Release when You Die ? - July 2020 • Equity Release - What Happens when You Die
Can You Still Move Home with Equity Release ? - July 2020 • Can You Still Move Home with Equity Releas...
Equity Release - How Much Can You Borrow ? - July 2020 • Equity Release - How Much Can You Borrow ?...
Equity Release - Home Reversion Plan - July 2020 • Equity Release - Home Reversion Plan - Jul...
Equity Release - Retirement Interest Only Mortgage (RIO) - July 2020 • Equity Release - Retirement Interest Only ...
Equity Release & The Importance of Making a Will - July 2020 • Equity Release & The Importance of Making ...
Equity Release - Lasting Power of Attorney - July 2020 • Equity Release - Lasting Power of Attorney...