Retirees increasingly looking for rental properties in UK, it is claimed

[Nicholas Wallwork]

Parts of the UK are seeing a growth in demand from retirement renters seeking properties as the appeal of home ownership dwindles for this age group. The number of pensioners stepping off the property ladder to rent is growing fast according to retirement rental specialist, Girlings Retirement Rentals. It reports that in five years, new [...]

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[expo09]

No surprise considering property prices these days (despite a recession). Particularly a problem for retired people as their pensions won't be as much as they were earning prior to retirement. In the old days people could expect to have paid their mortgage off before they retire, this is no longer the case.