BSL Financial Services

UK homeowners: are you considering downsizing for cheaper mortgage repayments?

We’d like to hear from homeowners in the UK who are thinking of downsizing to a cheaper property in order to reduce monthly mortgage payments

As 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 payments rise by an average of £5,100 between now and the end of 2024, we’re interested to hear from homeowners who are considering downsizing to a cheaper property.

Whether your plans to sell up and move to a cheaper house are motivated by mortgage repayments that have become unaffordable due to the cost of living crisis or another change in financial circumstances – we’d like to hear from you.

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Please note that all views in posts that are not from the BSL Editorial Team are not opinions of the company and do not represent us in any form. All Non-Editorial articles are intended to be purely informational and should not be treated as fact.

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