Downsizing Is Now A Major Reason For Moving House

CASH-SAVVY home hunters are choosing to downsize earlier than expected to help with household bills and raise windfall money.

According to a new report, age is becoming less relevant as one in five people are downsizing in their earlier years.

The study by Lloyds TSB reveals 59 per cent of people want to move to a smaller property better suited to their circumstances.

A third would be looking to reduce their bills and one in three wanted to downsize to support their retirementplans.

Developer Linden Homes currently has a range of new homes that fit perfectly into the ‘downsizing’ bracket across its locations across Hull, East Riding, York, Leeds and North East Lincolnshire.

Linden Homes sales director Steve Woomble said: “Our extensive portfolio of new homes in carefully selected locations offer some fantasticopportunities for people looking to downsize.

“These can range from our wonderful coach houses, with very low maintenance outdoor spaces, to three and even four beds that tick all the boxes whilst still offering enough space for the family to visit.”

And for those with an existing property to sell, there is the popular part exchange scheme. Linden Homes will obtain two independent valuations on your existing property from local agents on your behalf.

Providing you and your existing property meet certain criteria, Linden Homes will then make you an offer for your existing property, based on the valuation reports by the local estate agents, leaving you free to reserve your new dream home.

Meanwhile, the government-backed New Buy scheme is also available to new and existing homeowners. Just a five per cent deposit will secure an apartment or home up to 500,000 – with Linden Homes working in partnership with major High Street lenders to secure a 95 per cent fixed rate mortgage.

Other findings of the Lloyds TSB survey include:

With downsizing now a main reason for moving house – Linden Homes can offer great homes in outstanding locations.
With downsizing now a main reason for moving house -
Linden Homes can offer great homes in outstanding locations.

-ENDS-

For further press information please contact Cetti Long at Media Matters on 01733 371363 or email cetti@mediamatters-pr.co.uk

18 October 2012

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