Can I move house with equity release?

If your new property that you are moving to meets our lending criteria at the time and we agree that you can, then you can happily move house and take your lifetime mortgage with you when you go.

If your new home is worth less than the current one you may need to pay back some of the loan and interest. And if your new property doesn’t meet our lending criteria, you might be able to use downsizing protection – your adviser will be able to tell you if you’re eligible. Downsizing protection means you’ll be allowed to repay the lifetime mortgage with no early repayment charge. Once you've repaid your lifetime mortgage, then the loan is closed and you can buy your new property. Downsizing protection is available on lifetime mortgages applied for on or after 8 April 2019. Terms and conditions apply.

If your new property doesn't meet the lending criteria and you’re not eligible for downsizing protection, you might not be able to move to this specific property.

Find out more about equity release.