You may wish to consider one possibility that is often overlooked as it hasn’t been widely publicised. How about getting an Equity Release provider to pay towards the purchase price of the property you want to move into? In so doing, you will tie up less of your own money to meet the agreed purchase price.
100% input by you OR x% input by equity release lender
If you are moving from one area to another where property prices are higher, this will enable you to buy a similar property to meet your requirements without tying up more of your capital.
If you have decided to downsize to a smaller property to release capital, using this method will enable you to keep back even more of the capital released.
It will be important to confirm exactly how much a lender will offer you and you can ring 0800 3112027 now to find out.
We offer you a service where we email the current market rates to you, so you can contrast and compare what is available.
Armed with this information, you can search for an alternative property which may be more suitable.