An increasing number of people reaching retirement age in the UK are considering some form of equity release on their homes as a means of funding their retirement and allowing for a better quality of life once they stop working.
This usually involves homeowners over 55 years of age opting for equity release on some of their property’s value without needing to move. The money released can be spent on whatever the property owner chooses, but there are disadavantages, the chief one being that, while it is possible to borrow part of the value of your property, the accumulation of interest will invariably sap money from the remaining worth of your home.
Also, many people reaching retirement age may not want to remain in their house. Perhaps it has become too large for their needs requiring significant maintentance and upkeep, maybe it has stairs rather than being on one level, perhaps you no longer wish to live the the same area and would prefer to move to somewhere quieter with a better quality of life.
There is another option. Sell the home that’s outgrown you in an area you may no longer wish to live in and use some of the capital to buy a luxury residential park lodge - and bank the balance of the money to fund a better quality of life in your retirement. There are many advantages to this approach including:
Dumfries and Galloway has among the smallest populations per square mile of any other part of the UK and is a natural wilderness of stunning scenery, unspoilt coastal areas, forests and enchanting places to visit.
It has the lowest crime rate of pretty much anywhere else in Britain and yet, is just 48 minutes' drive away from the M6 near Carlisle, 20 minutes from the rail station at Dumfries with connections to Glasgow and Carlisle and onward rail connections throughout the UK.
With our full turnkey design and build package, you can have the home of your dreams all on one level with little or no maintenance to worry about.
Mossband Park also offers part exchange options on your existing home - ask for details.
No wonder more and more people are buying a luxury park chalet or lodge as the perfect way to fund a new life in an area that offers a far better quality of living.
Click to view a range of park home styles for inspiration or call 01387 800812 or 07393 875961 now for more information or send an email.