Posts Tagged ‘retirement’
Generation wanting to downsize are trapped.
Recent reports indicate that around one third of home owners in the 55+ age category are considering downsizing but have very little choice and feel unable to do so, there is a chronic under-supply of properties out there suitable to their needs. Research shows that nearly half of all people who classify as under-occupiers in…
Read MoreProperty purchase stats for over 55’s
Research by Insurers Prudential says that its figures suggest that involvement by householders currently over the age of 55 will account for more than three million property transactions, worth a total of more than £775 billion. Investing in property remains popular with the over 55’s says the insurer, the average maximum purchase price for their…
Read MorePetition to reverse planned tax relief changes
In a recent article in one of the major financial papers it warns that the buy-to-let boom is now coming to an end, it puts the reasons as the removal of yield-enhancing tax reliefs and an impending interest rate rise. It reported that 80% of new homes built since the turn of the century have…
Read MoreMortgages extending into retirement
Data from the Council of Mortgage lenders reveals that a third of new mortgages being taken out today will extend beyond their 65th birthday, this situation is being created because some buyers are entering the property market at an older age and the duration of some mortgages is longer term. The new figures were revealed…
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