{"id":138464,"date":"2023-07-24T13:00:04","date_gmt":"2023-07-24T06:00:04","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-the-best-way-to-buy-a-house-in-sweden-a-year-before-we-sell-in-the-uk\/"},"modified":"2023-07-24T13:29:49","modified_gmt":"2023-07-24T06:29:49","slug":"is-equity-release-the-best-way-to-buy-a-house-in-sweden-a-year-before-we-sell-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-the-best-way-to-buy-a-house-in-sweden-a-year-before-we-sell-in-the-uk\/","title":{"rendered":"Is equity release the best way to buy a house in Sweden a year before we sell in the UK?"},"content":{"rendered":"


\nWe are thinking of \u00a3150,000, some for decorating, as my husband wants to be nearer his family when he retiresQ My husband and I are going to move to Sweden when he retires as he wants to be nearer to his family. We own our home outright. We are thinking of taking out equity release for \u00a3150,000 to buy and decorate a property about a year before we move out of and sell our current home. Is this a good idea? Is there a better option of releasing money from the property? Our house is worth approximately \u00a3650,000.PSA I\u2019m not sure that it is a good idea. But that\u2019s because I can\u2019t imagine being able to manage the renovation of a property at long distance, not to mention the cost of insuring an empty property that is miles away. But if you are made of sterner stuff than I am, you may be pleased to hear that, according to Andy Vickery, an equity release expert and mortgage adviser at the independent brokers Money Release, \u201clifetime mortgage interest rates are at an all-time low, so now might be the best time for you to look at equity release\u201d. But it is worth noting that if you want to release just under 24% of the value of your home (which is what \u00a3150,000 represents) the younger of you has to be over 60. If you are under 60 the most you will be able to release is \u00a397,500 (which is 15% of \u00a3650,000). Continue reading…
\n
\nSource : theguardian.com
\nRead more…Is equity release the best way to buy a house in Sweden a year before we sell in the UK?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We are thinking of \u00a3150,000, some for decorating, as my husband wants to be nearer...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-138464","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-A1i","jetpack-related-posts":[{"id":124650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-sell-or-rent-out-our-cornish-seaside-flat-to-be-nearer-the-grandchildren\/","url_meta":{"origin":138464,"position":0},"title":"Should we sell or rent out our Cornish seaside flat to be nearer the grandchildren?","date":"February 21, 2022","format":false,"excerpt":"\r We can\u2019t decide whether we should rent the property out long term or as a holiday let, or maybe even sell itQ Seven years\u2019 ago \u2013 aged 60 \u2013 we downsized and bought a small flat by the Cornish seaside for \u00a3135,000 in cash.We have found we are too\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":181,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-parents-want-to-downsize-but-can-they-move-their-lifetime-mortgage\/","url_meta":{"origin":138464,"position":1},"title":"My parents want to downsize, but can they move their lifetime mortgage?","date":"November 12, 2015","format":false,"excerpt":"\r I am also concerned about what will happen if their new property is valued at less than their current homeQ My parents took out an equity release lifetime mortgage in 2005. I believe the sum was \u00a330,000. They are now looking to downsize and move nearer to where I\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-an-option-when-my-mortgage-fix-ends-or-am-i-too-young\/","url_meta":{"origin":138464,"position":2},"title":"Is equity release an option when my mortgage fix ends or am I too young?","date":"November 7, 2022","format":false,"excerpt":"\r I am 60 next year and the outstanding mortgage on the \u00a3300,000 property is \u00a3150,000Q Should I explore equity release when my two-year fixed-rate deal (on my 15-year repayment mortgage) comes to an end? I am 60 next year and intend to work until I am 67. I have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-the-proceeds-of-a-property-sale-be-used-to-pay-for-care-home-care\/","url_meta":{"origin":138464,"position":3},"title":"Should the proceeds of a property sale be used to pay for care home care?","date":"November 20, 2017","format":false,"excerpt":"\r My parents-in-law might move nearer us, but one of them requires nursing home care and we don\u2019t know the rules around paying for itQ My parents-in-law live in a town about 50 minutes away from my husband and I. My father-in-law requires nursing care in a home, and as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-a-home-get-a-car-free-offers-galore-as-london-estate-agents-struggle-to-sell\/","url_meta":{"origin":138464,"position":4},"title":"Buy a home, get a car free \u2013 offers galore as London estate agents struggle to sell","date":"May 4, 2017","format":false,"excerpt":"\r Incentives include stamp duty subsidies of \u00a3150,000, iPads, sound systems and travel deals to lure buyers to purchase in the capital\u2019s affluent districts London estate agents have begun to offer free cars worth \u00a318,000, stamp duty subsidies of \u00a3150,000, plus free iPads and Sonos sound systems to kickstart sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/reem-mall-progresses-in-abu-dhabi-as-800m-loan-moves-nearer\/","url_meta":{"origin":138464,"position":5},"title":"Reem Mall progresses in Abu Dhabi as $800m loan moves nearer","date":"March 18, 2016","format":false,"excerpt":"\r \r Agility, the Gulf's largest logistics company, has said that it is in the final stages of securing US$800 million in bank loans to invest in building Abu Dhabi's latest mega mall.Kuwait-traded Agility last year revived dormant plans to build Reem Mall, a planned 2.8 million square feet shopping\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138464"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=138464"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138464\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=138464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=138464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=138464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}