Tag: Downsizing
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One in Three Pensioners Are Still in Debt!
It might surprise you, but a new study has revealed that a huge number of people in retirement are still battling with debt. A staggering one in three pensioners – that’s 3.3 million people – are carrying an average of £17,000 in debt! This means that retirees across the UK are collectively owing a massive…
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Early Repayment Charges on Lifetime Mortgage Costs Just Got Lower
A popular lifetime mortgage provider has just made it easier to access their money and potentially save you cash in the long run. More2Life, a big name in the lifetime mortgage market, has announced changes to their popular Maxi plan that could save you a packet! What’s Changed? The main change is that the dreaded…
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Cashing in on Downsizing – Could You Make Half a Million?
If you’re approaching retirement and your family has flown the nest, you might be thinking about downsizing. And guess what? It could be a smart move for your finances, potentially putting a hefty sum of cash in your pocket. Big Returns for Downsizers New data from Rightmove reveals that homeowners who downsize from a five-bedroom…
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Downsizing Boom – Pensioners Ditching Big Homes for New Adventures!
More and more of us are saying goodbye to large family homes and embracing a fresh start! The Telegraph featured some inspiring stories of those who’ve taken the plunge. The Great British Downsize is Gathering Pace! For years, many of us have held onto our beloved family homes, reluctant to let go. But new figures…
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Downsize and Save? Tax Break Could Help You Move to a Smaller Home
Are you thinking about downsizing but worried about the hefty stamp duty bill? You’re not alone! New research from the Suffolk Building Society shows that 60% of homeowners would be more likely to move to a smaller property if there was less stamp duty to pay. Downsizing: A Growing Trend The study found that 15%…
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Escape the Rat Race – 20 Top Spots for Your Downsizing Dream Home!
Dreaming of a new life in retirement, free from the daily grind and school runs? Then it’s time to start planning your move to a peaceful paradise! The Daily Mail looked into the data to find the areas where the most over-60s are moving to, giving you the inside track on some of the best…
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Time To Downsize? Get Over The ‘Block’ and Move On!
You’ve worked hard all your life and finally reached the point of retirement. It’s time to enjoy the fruits of your labour! But with an empty nest, the family home can start to feel a bit…empty. Maybe you’re thinking about downsizing, but there’s a little something holding you back – that dreaded ‘downsizer’s block’. Don’t…
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Downsizing? Don’t Throw Your Money Away – Find a Cheaper Location With Our Tips!
Thinking about downsizing? It’s a big decision, but it doesn’t have to break the bank! Property expert Phil Spencer shares his advice on finding the perfect (and affordable) place to enjoy your retirement. Don’t Overpay for What You Don’t Need When you’re downsizing, it’s crucial to be smart with your money. Phil warns against falling…
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Downsizing Delight – Brits Ditching Big Homes for Smaller Lives
Forget the “bigger is better” mantra – more and more Brits are realising that sometimes, less is more. And it’s not just about saving money, it’s about living a life that’s more fulfilling and less stressful. Featured in The Telegraph, Candice Daltry, 51, knows this all too well. She traded in her stunning, 4,500 sq…
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New Lifetime Mortgage Option Expands Borrowing Limits
UK-based Standard Life Home Finance has expanded its range of financial options for homeowners with the launch of its new Horizon 650 plan, part of its Horizon lifetime mortgage series. This new offering allows customers to unlock up to 52% loan-to-value (LTV) from their homes, which is the highest available in the current range. As…