Money Lesson Single

Unlock the house

Brian is seventy-two, owns his house outright and cannot run his life on the State Pension alone.

He can borrow against the house and stay in it, or sell it and move somewhere smaller, and the two roads leave very different amounts of the house behind.

Neither side is charged Inheritance Tax, which no simulation computes, so the real gap between them is smaller than the one shown.

Property Savings Account Expenses

Release the equity and stay

2 Goals

Borrow against the house at seventy-two, pay nothing month to month, and let the interest roll up until you die.

Try this plan

Property Savings Account Expenses

Sell up and move

2 Goals

Sell the house at seventy-two, buy the bungalow a month later, and live on what is left over.

Try this plan

Release the equity and stay Sell up and move

Moving to the bungalow leaves ~£243.3k more behind than borrowing against the house did.