{"id":181,"date":"2015-11-12T07:00:03","date_gmt":"2015-11-12T07:00:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/uncategorized\/my-parents-want-to-downsize-but-can-they-move-their-lifetime-mortgage\/"},"modified":"2016-01-03T03:34:24","modified_gmt":"2016-01-03T03:34:24","slug":"my-parents-want-to-downsize-but-can-they-move-their-lifetime-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-parents-want-to-downsize-but-can-they-move-their-lifetime-mortgage\/","title":{"rendered":"My parents want to downsize, but can they move their lifetime mortgage?"},"content":{"rendered":"<p><html><body><\/p>\n<p>&#13;<br \/>\nI 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 live. I am awaiting an up-to-date statement of their balance but believe it will be in the region of \u00a390,000. Their current accommodation is worth around \u00a3240,000, having only increased by some \u00a340,000 during that period. Continue reading&#8230;&#13;<br \/>\n&#13;<br \/>\nSource : theguardian.com&#13;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.theguardian.com\/money\/2015\/nov\/12\/downsize-port-lifetime-mortgage-equity-release\" target=\"_blank\">My parents want to downsize, but can they move their lifetime mortgage?<\/a><\/p>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; I am also concerned about what will happen if their new property is valued at&#46;&#46;&#46;<\/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-181","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\/p75ss1-2V","jetpack-related-posts":[{"id":121322,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-downsize-or-not-and-whats-best-in-regard-to-my-70000-mortgage\/","url_meta":{"origin":181,"position":0},"title":"Should I downsize or not and what\u2019s best in regard to my \u00a370,000 mortgage?","date":"August 9, 2021","format":false,"excerpt":"\r All my cash is tied up in the house but I could buy a cheaper one as I want to live a little before retiringQ I am a 56-year-old man with nine years left on my \u00a370,000 mortgage. The mortgage is split so that \u00a320,000 is on a repayment\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homes-for-people-who-want-to-downsize-in-style-in-pictures\/","url_meta":{"origin":181,"position":1},"title":"Homes for people who want to downsize in style \u2013 in pictures","date":"April 21, 2023","format":false,"excerpt":"\r From a Shropshire barn to a London almshouse, smaller properties for empty nesters or buyers wanting to reduce the mortgage Continue reading...\r \r Source : theguardian.com\r Read more...Homes for people who want to downsize in style \u2013 in pictures","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8096,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/diana-clement-eight-reasons-to-downsize-your-home\/","url_meta":{"origin":181,"position":2},"title":"Diana Clement: Eight reasons to downsize your home","date":"March 16, 2016","format":false,"excerpt":"\r Is your home big enough to be an aircraft hangar at Motat? Modern New Zealand home-buying culture is to go big every time there's some \"spare\" equity in our homes to extend the mortgage with.Not everyone needs a Hummer home. Sometimes...\r \r Source : nzherald.co.nz\/Property\r Read more...Diana Clement: Eight\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126883,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/were-fed-up-with-high-mortgage-costs-which-is-the-best-way-to-pay-off-the-debts\/","url_meta":{"origin":181,"position":3},"title":"We\u2019re fed up with high mortgage costs \u2013 which is the best way to pay off the debts?","date":"May 30, 2022","format":false,"excerpt":"\r We have two properties but which one is best to sell to reduce costs, downsize and simplify our livesQ We\u2019re fed up with high mortgage costs and would like to pay off our debts and the sooner the better. We are happy to downsize and simplify our life to\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134010,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upsize-downsize-why-the-covid-property-race-for-space-went-sour-for-homebuyers\/","url_meta":{"origin":181,"position":4},"title":"Upsize, downsize? Why the Covid property race for space went sour for homebuyers","date":"January 21, 2023","format":false,"excerpt":"\r Ultra-low rates and a desire for more room during lockdown drove UK house prices to new heights. But now many of those who moved are sufferingIn the summer of 2020, when British society emerged from months of Covid lockdown, the UK housing market reopened and began booming, amid fierce\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/itll-be-a-massive-saving-why-more-people-in-the-uk-are-downsizing-home\/","url_meta":{"origin":181,"position":5},"title":"\u2018It\u2019ll be a massive saving\u2019: why more people in the UK are downsizing home","date":"April 13, 2024","format":false,"excerpt":"\r Some Britons are aiming to cut their mortgage costs and lower stress levels by moving to a smaller propertyWhen Richard Wise* moved from London to Margate in Kent three years ago, he did not expect to move again any time soon. But the music industry manager and his partner\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/181"}],"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=181"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/181\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}