Can I Move House After Using Equity Release?
Equity release plan refers to a financial arrangement where the owner of the property is going to be paid a certain amount of money based on the property, but they will be given the access to those properties and use them. At times after retirement, it becomes pretty difficult to manage a big house, and hence the old people prefer opting for this option rather than moving to a small place. They can use the amount by the property. The money that is paid to the owner is repaid after they have died or moved into some residential care for a long time. But, what if you want to move to a different house which is more suitable for you in old ages, but you've already applied for the equity release and can it be done? Yes, by the downsizing scheme and let us see what that is along with some equity release advice . What is Downsizing? After a certain age, when both the husband and wives have retired, it is not necessary to have a huge house, and it also becomes d