Imaginative Alternatives to Equity Release.

xylophone

some pokey little flat.

Not all flats are pokey- we visited the acquaintances in the new dwelling - they had plenty of room for the two of them....

kidmugsy

Mojisola wrote: »

Aren't those costs going to be different in every case depending on many things

Yes; that's why I'd like several people to volunteer their actual costs - so much more revealing, I expect, than attempts by me to estimate what costs might be. Especially if they mention a cost that I hadn't thought of.

Thrugelmir

colinashley wrote: »

we're looking for something more imaginative to consider.

There's no magician to pull rabbits out of a hat. Late in the day to start planning for the next 10, 20, 30 or 40 years of your lives. Conserving capital should be a priority. As will never be replaced. Borrowing money makes little sense. Downsizing should provide cost benefits not only release capital.

iris

Linton wrote: »

That's what we did - our current house is larger, better built and more practical than our previous one but cost about 2/3rd of its selling price. And we are now living in a much less crowded part of the country.

Another couple here that sold their small cottage in Devon and bought a new detached bungalow for about 2/3rds of its selling price.


The best move we have ever made:D

colinashley

Thanks for the replies; there are a good few toeing the party line, but some credible suggestions too.
We often state, in a semi-jocular way, that it's our ambition to be skint by the time we're, say, 80.
The consensus seems to be downsizing when the time is right. As mentioned, if we considered this, we would be concerned about changing areas, neighbourhoods etc. I must admit, I wouldn't miss the garden too much though!