Once you've secured a lifetime mortgage, circumstances may lead to a desire to move in the future. Whether for a change in circumstances, proximity to family, mobility reasons, or downsizing, the Equity Release Council's approval of all lifetime mortgages provides flexibility.
You retain the freedom to transfer your equity release plan to a new acceptable property without incurring an early repayment charge. It's crucial to ensure the new property meets the lender's specific terms and conditions for a seamless transition.
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Key Considerations , Paxton's Advisers
However, this list is by no means exhaustive and we advise speaking to one of our expert Paxton Equity Release advisers as your next step.