Things you need to know:
You can transfer your Home Reversion Plan to a new property, providing the property meets our lending criteria at that time.
If the property you are looking to move to is eligible but is higher in value that your current property, you will have to pay the difference. You may need to seek independent advice and will be liable for all fees associated with moving home, including our legal fees.
There is a process to follow when choosing to move within the plan. Your current property must have a sale agreed before we can place an offer on the new property. Both the sale and purchase must complete simultaneously, so this can sometimes be a lengthy process.
Yes, if you still own a percentage in your home. You will need seek independent financial advice as required by the FCA, when taking out a further release. We will provide the documents required to your financial adviser so they can discuss with you the financial implications.
If you don't have a financial adviser, the following sites can help you find advisers in your local area who are fully qualified, equity release specialists. They are www.equityreleasecouncil.com/member-directory or www.unbiased.co.uk