THE SOONER YOU MOVE THE SOONER YOU CAN ENJOY YOUR CASH
Buyers who leave their park home move until their 70’s may have less time to enjoy the money released from moving from their family home. Although there are equity release schemes, these can work out more expensive when you consider interest charges. Downsizing on the other hand can release your own cash from your home, allowing you to make the most of your retirement while being mortgage-free.
Residents that downsize to a modern park home lifestyle even find that having cash left over from a move allows them to enjoy a few luxuries such as a new car, a cruise holiday or treat the family, while generally feeling more well-off.
Buying with Part-Exchange is the easy way to move without the hassles and delays of selling your existing home on the open market. Recommended park partners RoyaleLife even offer an innovative 100% market value home part-exchange scheme. For example:
Value of your existing home*…………………£300,000
Price of new park home…………………………£225,000
Cash paid for you to enjoy……………………….£75,000
Amount you pay – Zero. No estate agent fees. No solicitor’s fees. No stamp duty.
* Market value of your home is based on independent estate agents appraisals and part exchange assessment, subject to survey.
Another financial reason to avoid delay is that modern park homes are usually cheaper to run, due to being Council Tax Band A/B and having a very cost-efficient energy rating.