05/08/2026
Is downsizing the right move for you? 🏡
Making the decision to move to a smaller, more manageable property is often driven by a desire to simplify life, reduce running costs, or release equity to supplement retirement income and support loved ones.
While the benefits can be significant, there is a lot to consider before putting your family home on the market:
Navigating Mortgages in Later Life: Whether you are looking at capital repayment, Retirement Interest-Only (RIO), or exploring equity release to stay in your current home, your lending options change as you get older.
Factoring in the Costs: From tiered stamp duty land tax to conveyancing and moving fees, it is vital to calculate the true cost of a move.
Protecting Your Legacy: Downsizing could impact your inheritance tax liability and your Residence Nil Rate Band, though specific tax reliefs (like the Downsizing Addition) exist to help preserve what you leave behind.
Downsizing is a major financial and emotional decision. Getting professional advice early on can help you and your family weigh up the pros and cons, ensuring you make the right move with absolute confidence.
Read our full article here: https://www.sevenhillswealth.co.uk/article/detail/sjpp/is-downsizing-the-right-move-for-you.html
Your home may be repossessed if you do not keep up repayments on your mortgage.
To understand the features and risks associated with equity release and lifetime mortgage products, please ask for a personalised illustration.
SJP Approved 17/06/2026
