Retirement: One in Five over 55’s want to ‘downsize’ their home

iStock_000001437287XSmallA recent study conducted by retirement specialist Key Retirement Solutions, has revealed 20% of over 55’s want to downsize their property to save money in retirement. Financial experts point out there are many reasons why people over the age of 55 might want to downsize. The survey found 19% of respondents couldn’t afford to run their home, whilst 4% have admitted they must downsize because they can’t afford their monthly mortgage payments. The survey also found that when downsizing, the average ...

Homebuying: Failing to commission a survey makes homes a time bomb

InspectorThe Royal Institution of Chartered Surveyors (RICS), are warning that homebuyers who try to save money by not having a survey of their new home, could be storing up problems for a later date. RICS have warned that if a survey is not completed, families who may already be financially stretched could risk huge repair bills putting right problems with their new home, which a survey would have highlighted before the purchase was completed. The survey of 1,000 buyers, which was ...