We need £100,000 to move closer to one of our children. Should we use equity release?

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

We would prefer not to downsize but comparable property would require that extra sum

Photograph: Stuart Fretwell/Rex/ShutterstockPhotograph: Stuart Fretwell/Rex/ShutterstockI would be interested in your opinion on a proposal my wife and I are considering. We wish to move house to live closer to one of our children but, unfortunately, they live in a more expensive area than we do. We’d prefer not to downsize but a comparable property would cost up to £100,000 more than our current house, which is worth about £360,000 and is mortgage free.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

could use zoom

I'm sure all Guardian readers with a spare hundred grand can relate to this! Times are tough all over I guess.

They don’t have a mortgage, could easily end up with 260,000+ in profit, and get to be there for their child. There is no downside afaik.

yes

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in PROPERTY

Property Property Latest News, Property Property Headlines