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Reasons why people later in life might decide to sell up and move

ended 16. October 2024

A journalist is working on a film for the BBC focused on people aged 55+ who have decided to move later in life. The film explores the benefits of planning ahead and how difficult the process can become if delayed.

He's looking for an expert to discuss the motivations behind these moves—whether it's to be closer to family, for health reasons, or to release equity. Additionally, they'd like them to address the challenges older individuals might face and what considerations they should be mindful of before making a move.

If you're interested, let us know in the thread and we'll forward your details to the journalist. 

3 responses from the Newspage community

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Simon BridglandVerified
Director at Charwin Private Clients
Interested.
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Ben PerksVerified
Managing Director at Orchard Financial Advisers
The number of people aged over 55 that are selling and moving has definitely increased. But, for a number of different reasons.
Recently;
We have had a couple in their 80s moving to a small holding in the countryside - for a better, more enjoyable, way of life.
Ive seen a couple in their late 60s sell up and relocate to be a few doors away from their daughters family.
Similarly, I've had a widowed lady relocate from South Wales to the Midlands to be closer to her daughter.
We have also seen a growing number of divorces in later years, so properties are being sold and devided up for settlement.
Most of the above, see people downsizing and i think there is less of a stigma attached to this, which is encouraging.
People feel younger and fitter than ever before over 55 and i think age is playing less of a factor when it comes to moving home.
Long gone are the days of my Grandad, who retired at 60 and spent the rest of his house sat in the same front room, in shirt and tie, watching tv.
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Justin MoyVerified
Managing Director at EHF Mortgages
Happy to assist, we have at least 1 client looking to move and use ER as the way to buy a property nearer family, downsizing a little but also having to sell their currnet home as the home mortgage needs to be repaid (end of term).