If you’re part of the older generation and are looking to move on to somewhere where you can retire in peace, it makes sense to partner with an experienced, professional mortgage advisor to help you plan your next move in Chelsea.
They’re often referred to as ‘empty nesters’; a generation that has seen the family grow up and move out, leaving them with a large house, more time and more disposable income. It’s a generation who are actively looking to downsize; to find somewhere else to live and release some of the money from their property by finding a smaller property for them on a better mortgage.
Working alongside the right mortgage advisor can help empty nesters to do that. If you’re an empty nester looking to move somewhere in London, recent research suggests that Chelsea may be the place for you.
Plan your retirement with a mortgage advisor with experience in Chelsea
An article in the Evening Standard, published in July 2017, makes reference to why a lot of people aged 65 and over are looking to retire to London, particularly the borough of Chelsea.
It includes research from Savills that highlights that, at the time of publication, the over-65s held £1.5 trillion worth of housing equity – approximately 43% of the total housing wealth in the UK. Nick Vaughan of Savills also explains what makes inner boroughs such as Chelsea so attractive to what the paper calls a ‘boomerang generation’; those who grew up in London and want to return in later life.
“Today’s downsizing parents are increasingly moving into London,” he says. “The London they left in the Seventies and Eighties was a very different city than it is today. Not only have the shops and restaurants vastly improved, but with better place-making schemes, new- build flats in well-connected areas that were once no-go zones […] are now very desirable.”
It’s a dream for many. It’s an achievable one, too, if they partner with a professional mortgage advisor able to help them discover better terms when they’re looking to move to a new property in areas such as Chelsea to release more equity for their retirement.
Setting the pace with a professional mortgage advisor
With the area a popular choice for empty nesters to consider, working with a mortgage advisor in Chelsea can help to make the application process as seamless as possible for you and your needs.
Oportfolio’s Fulham-based team of mortgage advisors know the Chelsea area well; contact us today if you’re thinking of moving into the Chelsea area and are seeking professional mortgage advice.
With so much of the application process moving online, it can be a lot easier for the over-65s to work with a trusted mortgage advisor with their best interests at heart, and that can use its long-standing professional connections to discover a mortgage product built specifically around your retirement plans.
At Oportfolio, our team is committed to working alongside applicants to provide the smoothest mortgage process possible, approaching lenders on your behalf with your financial wants and needs at the forefront of everything we do. Our mortgage services have helped people unlock more of their wealth and retire in comfort, no matter where they wanted to move to enjoy it.
If you’re looking for professional mortgage advice to help you downsize and retire in comfort, speak to the Oportfolio team today to find out more.
Your property may be repossessed if you do not keep up with repayments on your mortgage.
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Oportfolio Ltd fees are payable on application. We charge a broker fee for property purchases of £495 and a remortgage/further advance fee of £395. Our product transfer fee is £295.