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 ...

Q & A: Everything you need to know about the ‘Help to Buy’ scheme

Everything you need to know about the ‘Help to Buy’ schemeSince the credit crunch both the Government and the Bank of England have taken significant steps to protect and kick-start the housing market. From keeping base rate at 0.5% for four years, to the NewBuy Scheme and then the Funding for Lending Scheme, both existing homeowners and prospective first time buyers have had significant help over the past few years. After an initial dip in house prices of ...

Housing & mortgage round up: Lloyds TSB to help 60,000 first time buyers, whilst housing market improves

Lloyds TSB to help 60,000 first time buyersNo house prices surveys this week but still plenty of news to report. This week saw a huge boost for first-time buyers as a major lender shows their commitment to this beleaguered group of would-be homeowners. Elsewhere there was good news for those people looking for signs that the housing market might finally be coming out of the doldrums....

Housing & mortgage round up: House prices unchanged, NewBuy off to a slow start

Housing & mortgage round upA packed week of housing news, with the Land Registry publishing their house price data for August. In other news the Bank of England has published figures to show that mortgage availability has hit a five year high, whilst the full economic effect of the lack of first time buyer mortgages is revealed in new research. Finally, the NewBuy Scheme’s slow start is confirmed. House prices unchanged in August Land Registry figures show that house prices were unchanged in August compared ...