Category Downsizing

Could removing stamp duty for over 55’s help solve the UK’s housing shortage?

The population of the United Kingdom is set to grow by 3 million, or 4.5%, over the next decade, according to the latest population projections released by the Office for National Statistics this month.

80% of the increase will be among people aged 65 years plus. This age bracket set to account for one fifth of the total UK population by 2028. The number of people aged over 80 years is projected to rise by over 1 million.

Over one fifth of people expects to downsize to a less expensive home to provide income for their retirement. Recent research reports that removing the stamp duty burden for those aged over 55 would encourage many to downsize.

An estimated 40% of the UK’s housing wealth (estimated to be over £7 trillion) is in households aged over 65, with more than 60% of this age bracket mortgage-free. Finding housing solutions for this demographic is crucial in unlocking the current housing shortage.

If you would like further advice about downsizing click here to book a free consultation with our of our experts:

Our essential guide to downsizing…

Considering downsizing your home but don’t know where to start, or apprehensive about taking the plunge?

Well, you are not alone…

Research shows that over half of over 50s in the UK are interested in moving and one in three want to downsize.

It certainly makes sense… 

By downsizing you will likely reduce household bills, have less upkeep and benefit from a welcome cash injection.

But where should you start and what type of property should you be looking for?

At Taylor Hill & Bond, we have helped hundreds of our clients downsize – and to help you do the same, we’ve created an ‘Essential Guide to Downsizing Your Home’…

It covers everything from the reasons why you may want to consider downsizing, the potential pitfalls along the way and how to plan for one of life’s biggest decisions.

So, whether you are considering a move soon, or just preparing for the future, our guide can help…

You can download it here:

Click here to book a free valuation of your home:

Introducing our retirement and assisted living partners Anchor Hanover

We are proud to partner with Anchor Hanover

A market-leader with over 50 years experience, Anchor Hanover has an unrivalled reputation for high quality, age-exclusive housing. As a not-for-profit organisation they put their customers first. Providing great homes, a first-class service and responsive management alongside a secure investment – peace of mind for now and the future.

If you are considering downsizing to a retirement village or an assisted living community with first class facilities then we would thoroughly recommend Anchor Hanover.

Anchor Hanover developments can offer everything you need to truly revel in your retirement.

A place where you can make the most of life, surrounded by luxury and safe in the knowledge that your beautiful new home will always be maintained to the highest possible standards, with all the support you could ever need waiting on your doorstep.

From the luxurious apartments through to the first-class facilities, every feature of the developments have been designed to meet the specific needs of older people. A place where comfort, community and complete peace of mind all come as standard.

To find out more about Anchor Hanover developments we have available please contact our New Homes team:

Click here to book a free valuation of your home:

Downsizing? Here’s why we think you should consider buying a brand new build home..

So you have made the decision to downsize but what will your next home look like?

Which types of property will suit your new lifestyle? These are the sorts of questions many of our downsizing clients have and we are here to help you make the best choice for you.

Many of our clients decide to downsize to a brand new home. This can be a great choice for a number of reasons:

Maintenance free

Newly built homes offer a relatively “maintenance free” lifestyle and come with a 10 year structural warranty which will protect you from any major defects with your home.

Better deals available

There are often better deals available on new homes with developers keen to secure buyers quickly.

Energy efficiency

Brand new homes are built to a far higher standards of energy effiency and utilise the latest techniques and use specialist building materials meaning new build homes are very energy efficient and will cost less to run. They also typically offer better air filtration which increases indoor air quality, reducing symptoms from those who have asthma or allergies.


Brand new homes are constructed to strict safety standards using the latest fire-resistant materials and technology as well as wired in smoke alarms and carbon monoxide alarms. They also provide certain rooms with windows that open large enough to allow escape in the event of a fire.

For details of specific developments we have available contact our New Homes team today:

Click here to book a free valuation of your home: