Downsizing

Downsizing

You can't eat your house

Kiwi Story

Marg and Paul are in their mid 50s. They've lived in the same family home for 20 years, doing it up ...

Downsizing - Henry & Sylvia

Kiwi Story

Henry and Sylvia married relatively late in life. Before that, they'd both lived in rental accommodation. ...

Home ownership

For many retirees, their home isn't just somewhere to live. It's also their biggest, or only, asset.

Glossary: asset
An asset is a useful or valuable person or thing. In financial terms it's an item that can be converted into cash such as bank deposits, shares or property.
Tags:

Generating income from your home

There are ways you can access money tied up in your home without giving up on home ownership. You can:

Tags:

DIY options

If an equity release product isn't for you, then there are several ways in which you can release value from an asset without using a commercial equity release product.

Glossary: equity
The amount you would get if you sold an asset and paid back any money you owed on it. For example, if you have a house worth $350,000, and a $300,000 mortgage, your equity in your house is $50,000.
Glossary: asset
An asset is a useful or valuable person or thing. In financial terms it's an item that can be converted into cash such as bank deposits, shares or property.
Tags: