Pension Loans

Tag: Downsizing

  • The Power of Downsizing Your Home

    In a recent study, it’s been highlighted that downsizing your home can significantly boost your retirement funds, thanks to the long-term growth in UK property prices. However, this financial benefit varies widely across the country, revealing a north-south divide in potential gains. A Golden Opportunity for Retirees For those without a mortgage, moving from a…

  • Time to Right-Size – When to Consider Downsizing Your Family Home

    As the chapters of life unfold, the home that once buzzed with the energy of a growing family often transitions into a quiet nest filled with memories. It’s the place where milestones were celebrated, where every nook tells a story, and where decades of life were spent shaping it into the perfect family abode. But…

  • Over 55s Hesitant to Downsize

    New data has surfaced, revealing a significant trend among UK homeowners over 55: a mere 14% plan on downsizing their homes. This statistic sheds light on a growing issue known as the ‘later-living logjam’, which is significantly impacting the UK’s housing market. The reluctance of older homeowners to move to smaller properties is causing a…

  • The Growing Trend and Benefits of Property Downsizing in Today’s Market

    Downsizing, a term that once conjured images of retirees looking for smaller, manageable homes, is now a dynamic and financially savvy move for many homeowners. Recent research from national estate agency Jackson-Stops has revealed some interesting insights into this growing trend. According to Jackson-Stops’ latest findings, those opting to downsize can expect to free up…

  • How ‘Young’ Downsizers are Cashing in on the Property Market

    In recent years, a growing number of baby boomers, those in their 50s and 60s, are choosing to downsize their homes earlier than traditional retirement age. This shift in the property market is not just a matter of convenience or a lifestyle change, but also a strategic financial move. The Rise in Property Values Over…

  • Considering Equity Release? Some Things You Need to Know

    In 2024, with the housing market constantly evolving, more and more people over 55 are turning to equity release as a viable option for financial flexibility. However, it’s not a decision to be taken lightly. Here’s a breakdown of the six essential things you need to know before diving into the world of equity release.…

  • Finding Your Dream ‘Forever Home’ – A Simple Guide for the Wise Buyer

    Finding your perfect ‘forever home’, the house you plan to live in for the rest of your life, can be daunting. The Telegraph published a guide to help you make an informed decision, ensuring comfort and convenience in your golden years. Here’s a summary. Bungalows and Flats – The Appeal of Single-Level Living Bungalows are…

  • Keeping Your Home: What to Do at the End of an Interest-Only Mortgage

    When you take out a mortgage, there are mainly two types: repayment and interest-only. The key difference lies in how you pay back the loan. With a repayment mortgage, your monthly payments chip away at both the interest and the principal amount. By the end of the mortgage term, if you’ve made all your payments,…

  • The Trials of Downsizing in Today’s UK Housing Market

    Anna and her husband, like many others, faced a daunting task when they decided to downsize from their six-bedroom Surrey home. The Financial Times tells their story, in a feature on downsizing. Having lived there for 17 years and raised their three children, the emotional aspect was tough enough. However, the real challenge lay in…

  • Downsize Your Home, Upsize Your Lifestyle: Expert Tips from Phil Spencer

    Phil Spencer, renowned for hosting popular UK property shows like “Location, Location, Location” and “Love It or List It,” shares his expertise on why downsizing could be a beneficial and enriching step for many, in The Telegraph. With over 20 years in property dealing and as a landlord, Spencer now contributes as a regular columnist…