{"id":143729,"date":"2024-04-13T17:00:19","date_gmt":"2024-04-13T10:00:19","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/itll-be-a-massive-saving-why-more-people-in-the-uk-are-downsizing-home\/"},"modified":"2024-04-13T17:10:06","modified_gmt":"2024-04-13T10:10:06","slug":"itll-be-a-massive-saving-why-more-people-in-the-uk-are-downsizing-home","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/itll-be-a-massive-saving-why-more-people-in-the-uk-are-downsizing-home\/","title":{"rendered":"\u2018It\u2019ll be a massive saving\u2019: why more people in the UK are downsizing home"},"content":{"rendered":"


\nSome Britons are aiming to cut their mortgage costs and lower stress levels by moving to a smaller propertyWhen Richard Wise* moved from London to Margate in Kent three years ago, he did not expect to move again any time soon. But the music industry manager and his partner are planning to downsize from a four- to a three-bedroom property after their mortgage rate quadrupled.\u201cAfter Liz Truss\u2019s bombshell [the September 2022 mini-budget that led to rising mortgage rates], our mortgage repayments doubled last year,\u201d the 40-year-old says. Continue reading…
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\nSource : theguardian.com
\nRead more…\u2018It\u2019ll be a massive saving\u2019: why more people in the UK are downsizing home<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some Britons are aiming to cut their mortgage costs and lower stress levels by moving...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-143729","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Bod","jetpack-related-posts":[{"id":133585,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-are-you-considering-downsizing-for-cheaper-mortgage-repayments\/","url_meta":{"origin":143729,"position":0},"title":"UK homeowners: are you considering downsizing for cheaper mortgage repayments?","date":"January 5, 2023","format":false,"excerpt":"\r We\u2019d like to hear from homeowners in the UK who are thinking of downsizing to a cheaper property in order to reduce monthly mortgage paymentsAs disposable incomes in the UK are forecast to slump by 3.8% in 2023, and more than five million families could see their annual mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-payers-making-big-changes-to-meet-higher-payments-survey-finds\/","url_meta":{"origin":143729,"position":1},"title":"UK mortgage payers making big changes to meet higher payments, survey finds","date":"September 28, 2023","format":false,"excerpt":"\r Britons are raiding savings or cutting pension contributions, KPMG study findsMortgage holders are making big changes to their finances \u2013 from cutting pension contributions to downsizing \u2013 to cope with dramatically higher monthly payments, a new survey shows.Faced with either the immediate reality of higher mortgage costs or the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-want-to-use-our-pensions-to-pay-a-mortgage-but-what-if-we-end-up-in-care\/","url_meta":{"origin":143729,"position":2},"title":"We want to use our pensions to pay a mortgage, but what if we end up in care?","date":"October 27, 2016","format":false,"excerpt":"\r My wife and I are unsure whether our pensions would have to be used to cover care home costsQ My wife and I are considering downsizing to move nearer to our daughter. However, the difference in property values between where we live and where my daughter lives means that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-65-and-my-interest-only-mortgage-is-ending-what-can-i-do\/","url_meta":{"origin":143729,"position":3},"title":"I'm 65 and my interest-only mortgage is ending \u2013 what can I do?","date":"July 16, 2018","format":false,"excerpt":"\r I still owe \u00a3112,000 and I want to stay in my house, not sell up to pay it off Q I\u2019m 65 and single and still work part time earning \u00a323,000 a year (\u00a31,560 monthly) on top of my private pension of \u00a3550 and state pension of \u00a3700 (both\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lender-offers-98-mortgage-to-first-time-buyers-but-bars-bank-of-mum-and-dad\/","url_meta":{"origin":143729,"position":4},"title":"UK lender offers 98% mortgage to first-time buyers \u2013 but bars bank of mum and dad","date":"September 13, 2025","format":false,"excerpt":"\r Newcastle building society aims for those with smaller deposits and no help hoping to get on to housing ladderFirst-time buyers are being offered the chance to borrow up to 98% of the price of a property \u2013 but they cannot get help with their deposit from the bank of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62605,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-faces-downsizing-exodus-with-almost-half-of-britains-pensioners-looking-to-move\/","url_meta":{"origin":143729,"position":5},"title":"UK faces downsizing exodus with almost half of Britain's pensioners looking to move","date":"August 2, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...UK faces downsizing exodus with almost half of Britain's pensioners looking to move","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143729"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=143729"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143729\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}