It’s estimated that up to two million people who retire before 2010 are facing a retirement of poverty, could a rent and sale scheme be the answer?
As millions of us face poverty in our retirement according to the National Pensioners Convention, the future looks bleak. What's supposed to be a time of relaxation, where we finally have the time to indulge our hobbies, such as gardening and golf, is in fact a time of financial stress and misery for many. Could a rent and sale scheme help?
Rent and sale – Retire in style
Although many face a retirement of financial struggle, a rent and sale scheme could be the solution. It allows the homeowner to sell their property and release the equity in their home, but stay put and rent their home back. It's the perfect solution for those who love their homes. Financially, many elderly people may feel pressured to downgrade property, but their home is often an emotional investment – a place they have built up over their lifetimes, that has become built into the fabric of their existence. Selling up to afford heating bills, food and day-to-day living can be demoralising. A rent and sale scheme means you can enjoy the equity and stay put.
Rent and sale in your retirement
According to Help the Aged, one in four older people have not had a holiday in over five years. One in ten had not had a meal out for more than a year because of the cost. If you've worked hard all your life, this is no way to enjoy your retirement. You deserve more. A rent and sale scheme could give you the finances you need to afford a holiday and to treat yourself. Many pensioners are reluctant to sell their homes as they want to save the money for their relatives when they die. But the truth is, their relatives would rather see their parents and grandparents happy in their retirement. A rent and sale scheme means you may be spending the kid's inheritance, but you'll enjoy yourself in the process!
Pensioner poverty here to stay
It isn't just holidays or meals out, some pensioners are facing poverty – they can't afford basic bills and have to make decisions between buying food or having the heat on. 8% of pensioners in the Help the Aged survey said they had to rely on family and friends to help them out financially. A spokesperson for the charity told the press: "Unless the Government takes action now, levels of pensioner poverty will remain the same for the next decade." If you don't want to be a victim of poverty in your old age, and you own a property, a rent and sale scheme could be the answer.
Rent and Sale with rentandsaleltd.co.uk
If you're caught in a financial house-trap, rentandsaleltd.co.uk can throw you a life-line. Rentandsaleltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The rent and sale scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Rentandsaleltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Rent and Sale Ltd. today on: 08000 255 920