Discover the freedom renting in retirement can bring...
An English man's home is his castle, as the saying goes. But more and more people throughout the UK are thinking laterally about their retirement property options, moving against the homeownership grain and opting for secure, rented accommodation instead.
Contrary to popular opinion, there are clear benefits to renting in retirement. Tenants are not constricted by house prices and are free to move wherever they like, whether it's closer to family and friends or to another part of the country.
Renting also allows homeowners to sell their property outright in order to release capital. By avoiding equity release schemes and selling on the open market, retired property owners can ensure they receive the market value for their home.
Many retired people choose to invest the money gained from their sale of their home in saving funds, to support themselves financially during their retirement. Others choose to gift family and friends during their lifetime, instead of leaving a will.
Girlings Retirement Options has a number of private retirement properties available to rent in Bournemouth including Fairhaven Court, Halebrose Court, Park View Court, St Peter's Court, Restharrow and Homeoaks House The properties are available on a Life Long (Assured) Tenancy basis, which allows the tenant to stay in their property for as long as they wish, providing great security and peace of mind.
Each property features a fitted kitchen, a bathroom, bedroom and a lounge/dining room. All properties benefit from advanced security systems, including secure door entry system and a 24-hour Careline service. A service team is responsible for window cleaning, gardening and all external maintenance, and a house-manager is present during weekdays to look after the running of the development.
Renting on a Life Long (Assured) Tenancy offers the same security of tenure as most social housing providers, only without the associated waiting lists. What's more, service charges and maintenance costs are included in the monthly payments. The properties are available to rent at affordable market rates which are reviewed every twelve months in line with RPI and capped at 6%, enabling easy financial planning for tenants and without the responsibility of home ownership.
A sense of community is welcoming in retirement. Many retirement developments offer endless opportunities for residents to engage in social activities, from book clubs and coffee mornings to bingo evenings, bridge parties and quiz nights.
Most developments have a residents' lounge which provides a focal point for social events. This room is not only used to relax and socialise with other residents, it can also be used as an extension to a resident's home to entertain guests, offering both companionship and independence. Separate guest suites are also available in the majority of developments.
Contrary to popular opinion, there are clear benefits to renting in retirement. Tenants are not constricted by house prices and are free to move wherever they like, whether it's closer to family and friends or to another part of the country.
Renting also allows homeowners to sell their property outright in order to release capital. By avoiding equity release schemes and selling on the open market, retired property owners can ensure they receive the market value for their home.
Many retired people choose to invest the money gained from their sale of their home in saving funds, to support themselves financially during their retirement. Others choose to gift family and friends during their lifetime, instead of leaving a will.
Girlings Retirement Options has a number of private retirement properties available to rent in Bournemouth including Fairhaven Court, Halebrose Court, Park View Court, St Peter's Court, Restharrow and Homeoaks House The properties are available on a Life Long (Assured) Tenancy basis, which allows the tenant to stay in their property for as long as they wish, providing great security and peace of mind.
Each property features a fitted kitchen, a bathroom, bedroom and a lounge/dining room. All properties benefit from advanced security systems, including secure door entry system and a 24-hour Careline service. A service team is responsible for window cleaning, gardening and all external maintenance, and a house-manager is present during weekdays to look after the running of the development.
Renting on a Life Long (Assured) Tenancy offers the same security of tenure as most social housing providers, only without the associated waiting lists. What's more, service charges and maintenance costs are included in the monthly payments. The properties are available to rent at affordable market rates which are reviewed every twelve months in line with RPI and capped at 6%, enabling easy financial planning for tenants and without the responsibility of home ownership.
A sense of community is welcoming in retirement. Many retirement developments offer endless opportunities for residents to engage in social activities, from book clubs and coffee mornings to bingo evenings, bridge parties and quiz nights.
Most developments have a residents' lounge which provides a focal point for social events. This room is not only used to relax and socialise with other residents, it can also be used as an extension to a resident's home to entertain guests, offering both companionship and independence. Separate guest suites are also available in the majority of developments.
