Yes, many equity release plans allow you to take them with you. This means you can move your loan to a different property. Portable equity release plans let you shift your loan to a new main residence without paying it off immediately. This is useful if you want to downsize but still keep your equity release plan.
When you move to a new home, check if it meets the lender's lending criteria. Some homes, like retirement centres or old buildings, may not qualify. It's also important to look at the loan-to-value ratio of your new property. Keep in mind any early repayment charges that could apply.