Related topic: downsizing

This is despite 58% considering moving to a smaller property in the future and 42% wanting more appropriate specialist facilities to enable moving.

Older homeowners are put off downsizing due to the arduous moving process, the research found.

Research from Suffolk Building Society reveals that 15% of UK homeowners, some 6.3m adults, are considering or planning to downsize during the current five-year parliamentary session.

Rob Oliver, director of distribution at Dudley Building Society, expects to see more older borrowers turn to capital raising or downsizing - allowing their family to benefit from their...