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Laura Allright

Purchasing a Retirement Property

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As we continue to live longer many people consider downsizing as their family homes no longer fit their needs. For example the family home is too big to maintain, or it does not suit their physical needs. When looking to downsize many now consider buying a retirement property.

The majority of retirement properties are leasehold. Often purchasing a retirement property will be the first time a person has owned a leasehold property and therefore they need to be aware of what this entails