If you are considering equity transfer in Eastbourne and thinking about relocating, you may be wondering if it’s possible to move your existing equity release plan to a new property. At Conran Mortgages, we understand that life circumstances change, and your housing needs may evolve over time. The good news is that, in many cases, you can transfer your equity release to a new home in Eastbourne or nearby areas.

Whether you’re downsizing, upsizing, or moving to a different neighbourhood, it’s important to know the process, criteria, and potential implications. We are here to help you navigate this complex area with clarity and confidence. Contact us at 020 8528 2251 or email hello@conranmortgages.co.uk for personalised guidance.

“Considering moving with equity in Eastbourne? Discover your options and ensure a smooth transition to your new home with professional advice you can trust.”

Understanding Equity Release Porting

Equity release allows homeowners aged 55 and over to unlock the value tied up in their property without having to sell it immediately. The most common type, a lifetime mortgage, enables you to borrow against your home’s value and repay the loan, plus interest, either when you pass away or enter long-term care.

Many equity release plans are portable. This means you can transfer the loan to a new property, a process often referred to as “porting your mortgage.” However, not all plans allow this, and certain conditions must be met to successfully move your plan.

Porting ensures you continue to access your funds while adapting your property situation to suit your lifestyle. For more details, see our Eastbourne home move plan.

Key Considerations When Moving With Equity Release in Eastbourne

1. Property Eligibility

The new property must meet your lender’s criteria, including value, type, and location. For example, some lenders do not accept leasehold properties with fewer than 70 years remaining or homes in retirement villages. Checking eligibility beforehand ensures a smoother move with the Equity Eastbourne experience.

2. Loan Amount vs Property Value

If your new property is less expensive than your current home, you may need to repay part of your loan to keep it within the lender’s acceptable loan-to-value ratio. Conversely, if the new property is more expensive, you might be able to borrow extra funds, subject to affordability checks. Understanding these implications early can save time and prevent unexpected costs when transferring lifetime mortgage arrangements.

3. Early Repayment Charges

Some equity release plans include early repayment charges (ERCs) if you repay the loan before a specified period. However, under the FCA’s safe move guidance, moving to a new property is usually exempt from these fees. Always confirm this with your lender to ensure there are no surprises during your Eastbourne home move plan.

4. Requirement for Financial Advice

Before proceeding with a transfer, it is mandatory to seek independent financial advice. This ensures the new plan meets your circumstances and that you fully understand any implications. Our team at Conran Mortgages is experienced in advising clients on equity transfer in Eastbourne, helping you make confident decisions.

Steps To Transfer Your Equity Release Plan

Review Your Existing Plan – Understand the terms, including ERCs and whether your plan is portable.

Consult a Specialist – Speak with an advisor to explore your options and suitability for a new property.

Property Assessment – Ensure the new property meets lender requirements for value, type, and location.

Apply for Porting – Submit the necessary documentation to your lender.

Legal and Financial Checks – Complete required legal processes, including conveyancing and affordability checks.

Final Approval and Transfer – Once approved, your equity release plan will be successfully transferred to the new home.

Following these steps will give you a smoother transition when moving with Equity Eastbourne.

Advantages of Choosing Conran Mortgages for Your Equity Release

At Conran Mortgages, we specialise in helping homeowners in Eastbourne navigate complex equity release decisions. We combine in-depth expertise with personal experience to ensure every client receives tailored advice.

Our team guides you through transferring lifetime mortgage processes, FCA compliance, and property assessments. We also coordinate with trusted legal partners, ensuring your Eastbourne home move plan is seamless and stress-free.

Whether you are downsizing, upsizing, or relocating within Eastbourne, our advisors help you understand all your options while maximising the benefits of your equity release plan. For more insights, see our 2025 Guide: Equity Release Forecast for Eastbourne

FAQs

Can I transfer my equity release to any property?

No, your new property must meet your lender’s criteria regarding value, type, and location. Ensure eligibility before planning your move.

Will early repayment charges apply if I move?

Typically, moving to a new home is a safe move under FCA rules, so ERCs may not apply. Confirm with your lender to be certain.

Do I need financial advice before transferring my plan?

Yes. Independent financial advice is required to ensure the new plan suits your needs and complies with FCA guidance.

Can I borrow more if my new property costs more?

You may borrow additional funds, subject to affordability assessments and lender approval, when transferring lifetime mortgage arrangements.

How long does the transfer process take?

The process varies depending on the property and individual circumstances, including legal checks and lender assessments.

Conclusion

Transferring your equity release plan to a new home in Eastbourne is feasible if you meet lender criteria and obtain independent advice. At Conran Mortgages, we are committed to guiding you through the process, helping you make informed decisions that suit your circumstances and lifestyle.

For personalised guidance or to discuss your options, contact us at 020 8528 2251
or email hello@conranmortgages.co.uk. Let us help you make the most of your equity release as you move to your next home in Eastbourne.