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Can I sell my house when I have an Equity Release plan?
Selling your property with an Equity Release plan
In this guide for Windsor homeowners, we answer a common question: if I have an Equity Release plan, can I still sell my home later?
As we all know, circumstances can change. As industry adviser Richard Jeremiah-Clarke observes, homeowners can find themselves wanting to downsize or move closer to family. Or their health and mobility needs change, so their home needs to change too. Understanding the options is an essential part of choosing an Equity Release plan.
So, can you sell your home with an Equity Release plan?
The short answer is yes. Selling your property is an option, but certain conditions apply.
What are the options?
If you have taken out an Equity Release plan but later decide to sell your home, you generally have two options:
Porting your plan
Many lenders allow you to transfer your equity release loan to a new property, provided it meets the lender’s criteria.
Early repayment
If you’re unable to port the loan to a new property, you can still sell your home and use the sale proceeds to discharge the loan. However, subject to the terms of the Equity Release plan, you could incur early repayment charges.
Are lenders flexible about selling?
In Richard’s experience, lenders understand that circumstances change, and they are often helpful in these situations. They know that people might need to move due to life events, and most will work with you to make the transition smoother.
Some key factors to consider include:
· Early Repayment Charges – Some plans have fees if repaid early, although some reduce or remove fees after a certain period.
· Property Suitability – If you plan to port the loan to a new home, the lender must approve the new property.
· Market Conditions – Selling your home at the right time can impact how much equity remains after repaying the loan.
Steps to selling your home with an Equity Release plan
If you're considering selling, it is recommended that you:
Contact your lender – Find out whether your plan allows porting or what fees apply for early repayment.
Assess your property value – Work with a local Windsor estate agent to understand the market value of your home.
Review costs & fees – Understand how much you’ll owe the lender and what will remain after selling.
Consider alternative properties – If porting, check if your desired home meets lender requirements.
Seek expert advice – Speak to a qualified Equity Release adviser in Windsor for guidance tailored to your situation.
Final thoughts
Selling a property with an equity release plan is possible, but it requires careful planning. Whether you want to port your plan or pay it off, knowing your options ensures a smooth process.
If you're considering selling your home and have an equity release plan, consulting with a local specialist can help you navigate your next steps effectively.
By understanding the process and working with your lender, Windsor homeowners can confidently make decisions that fit their changing needs.
Committed to helping local residents fulfill their retirement goals.
If you’re a homeowner in Ascot, Windsor, or beyond and are considering equity release, Autumn Financial is here to guide you.
With Toby Wheeler’s expertise and our unwavering commitment to client satisfaction, you can trust us to provide the support and advice you need to make informed, confident decisions about your financial future.
WHO ARE WE?
CM Finance Limited is an appointed representative of Connect IFA Ltd who are authorised and regulated by the Financial Conduct Authority (FCA) registration number 441505. The FCA does not regulate some Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Contact Us:
Address: 42 St. Lukes Road
Windsor, SL4 2QQ
Phone number: 01753 358007
FEES:
There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be £999.
COMPLAINTS:
It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service
financial-ombudsman.org.uk
CONSIDER:
Equity release plans are not right for everyone and it is important that you fully consider your options and receive impartial financial advice before making a decision. It is also important that, if you do decide to use an equity release product, you need to be sure it is one that meets your needs. If you would like to end your lifetime mortgage early, then you may have to pay a substantial early repayment charge. A professional adviser can help you to choose the plan that is right for you. To understand the features and risks, ask for a personalised illustration.
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We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement. CM Finance Limited is registered in England and Wales under reference number 13751517
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