On the face of it, downsizing seems like a win-win way of future-proofing your finances in later life. It can boost your bank balance and free up wealth for retirement. It’s an opportunity to move closer to family and find a home that will suit your needs. And moving out of a large property means you’ll have lower bills and less upkeep – it also helps free up the housing market for younger people.
But do it at the wrong time or choose the wrong property in the wrong location and it could be a move you soon regret.
For some, the
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