What to do if you’re considering the idea of downsizing, buy or rent?

Once the children have flown the nest, there is lots to consider and think about. One thing that is quite often at the top of the agenda is downsizing. SA Law Partner Steve Kenneford examines the pros and cons of buying a new home versus renting.
Tue 14th Jan 2020

Regardless of what stage in life you are considering moving home, whether you're a first time buyer or a seasoned-mover; it is a daunting process and there is constant debate over whether buying or renting is the best thing to do. One thing is for sure, when you’re considering downsizing there are several advantages and disadvantages for both.

Steve Kenneford explores the options and the key considerations for downsizing your property including:

  • Buying a smaller property
  • Purchasing a flat
  • Taking out a mortgage
  • Renting
  • Inheritance tax
  • Staying put

Click here to find out which option might be best suited to you and your lifestyle needs and wants.

CONTACT STEVE

If you would like more information or advice relating to this article or a Residential Property law matter, please do not hesitate to contact Steve Kenneford on 01727 798050.

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