News
Half of homeowners would downsize if the right support existed, research reveals
YBS found 45% of potential downsizers said they would move sooner if the right properties were available nearby.
Downsizing
News
Downsizing the key to financial freedom, says property expert
Jack Malnick said: “Downsizing to a smaller home can allow UK homeowners to unlock equity tied up in their property or reduce monthly expenses."
News
Older homeowners held back from downsizing by slow processes – OPDA
55% said long transaction times were the biggest barrier to moving, rising to 68% in the 75 plus group.
News
“It’s not downsizing – it’s rightsizing”: Panel urges later life policy rethink
Chaired by Chris Pond, chair of the Financial Inclusion Commission, the Unlocking Potential: Government Policy for Later Life Lending panel brought together key voices from the industry.
Building Societies
One in seven homeowners planning to downsize during this parliament, says Suffolk Building Society
Suffolk Building Society research finds 6.3 million adults considering downsizing, with brokers urged to support clients through complex decisions.
Lead Story
Third of over-50s have more than 10 years left on their mortgage, research reveals
88% are still paying off their mortgage, and over a third (36%) have more than 10 years of repayments left before it’s fully paid off.
News
Park home availability down 21% in 2024 as demand surges – Regency Living
Recency Living found that, in Q4 2024, there were an estimated total of 5,455 park homes available across the market in England.
News
Older People’s Housing Taskforce recommends tax reform for last-time buyers, builder incentives, more
Propertymark met with taskforce chair Professor Julienne Meyer to respond to the consultation.
Later Life Lending
Half of over-50s consider downsizing to cut winter energy bills – Regency Living
71% of those surveyed by Regency Living stated that they struggle with the cost of their energy bills.
News
Upsizers account for 440,526 transactions in 2023, research reveals
While upsizing homebuyers accounted for 440,526 transactions, this total transaction figure represented a 31% annual decline.
News
Downsizers release 343,000 bedrooms per year into housing market, study finds
Quickmove Properties estimated that downsizers accounted for 32% of all housing transactions in 2023.
News
Downsizing could unlock £305,000 retirement income boost, Savills reports
Downsizers in England and Wales could gain an average of £305,090 by moving from a four-bedroom to a two-bedroom house, according to Savills.