According to a report from The Centre for Ageing Better, more than a third of over-60s could be choosing to rent, rather than owning their home, by 2040.
In January 2018, over 414,000 people aged 60+ lived in privately rented properties. In 2007, that figure stood at 254,000, signalling an increase of almost two fifths (39%) over a decade.
But, what are the reasons for renting, rather than owning, in later life, and could it be the right choice for you
1. You’ve never owned a home before
For those ...