You may want more freedom with your money, property and time as you get older. That’s why we offer a great opportunity for those 60 and over who are looking to move home. Whether you’re downsizing, moving closer to your family or an area you’ve always dreamed of, finding that lifetime home is possible.

Can I Sell My Home to Help Fund My Retirement?

Yes, of course! Selling your home can be a significant step towards securing your retirement funds. At Wards, we offer a range of services to help you get the best deal for your property, putting your best foot forward in retirement. Explore our offerings here.

Through our partnership with Homewise, you may be eligible for Market Plus. This is a free second listing on the UK’s leading property portals, doubling your exposure at no extra cost and increasing your chances of selling your property sooner.

Moreover, Homewise provide a fantastic option with their Home for Life Plan. Exclusively for those aged 60 and over, this plan can help you save up to 59%* on your dream home. The significant savings mean you can secure your perfect property while setting aside funds for your retirement. Try our quick calculator on our property listings or Over 60s page to see how much your desired home could cost and speak with our team for further details.

What Homes Can I Buy When I Retire?

At Wards, we have a range of properties available, suiting all budgets and circumstances. Buying your home for retirement can be a tricky, with some mortgages wanting you to complete payment by the time you are 75, limiting your property choices with potentially decreased finances.

Through The Home for Life Plan you can broaden your options with a boosted budget.

A Home for Life Plan can be applied to almost any property on the open market, giving you greater choice for your next home and pay up to 59% less than the advertised market price to live there.

To explore properties available within your new Home for Life budget, talk to your agent today and discover how close your dream home could be.

Will Selling My Home When I Retire Be Better?

While we cannot provide direct advice, we can offer you useful details for you to make a more informed decision. When you sell your home and look for your next one, your goals will be unique to you. The Home for Life Plan is designed to be bespoke and tailored to your needs, whether you want to downsize, upsize, relocate closer to loved ones, or clear outstanding debts.

Homewise are a family-run business, helping people find their ideal homes since the 1970s, and will work closely with your agent to assist you in securing your new home. Moving home can be stressful at any stage of life but, with the Home for Life Plan, you'll receive full support from the Homewise team and your agent to ensure a smooth transition. With Homewise’s complimentary "Move Simply" service, you’ll have a dedicated account manager to assist you at every step, free of charge.

How Quickly Can I Sell My Home for Retirement?

Our partnership with Homewise offers you an exclusive opportunity for a free second listing through Market Plus. This doubles your property's exposure, reaching more prospective buyers and increasing the chances of a quick sale.

The extra listing shows an indicative guide price that an Over 60s customer might pay (around 33% less than the market price), making it more visible in searches and attracting a wider audience. If an Over 60s customer decides to buy your property, you will receive the full agreed selling price from Homewise, just as with any other buyer.

If I Purchase a Lifetime Home, What Can I Leave My Children?

Every Home for Life Plan can be tailored to your wishes, including options to safeguard up to 50% of the future value of your chosen property as a guaranteed inheritance for your loved ones. When the plan ends, the property is valued, and the safeguarded percentage is paid to your estate, minus any relevant selling fees.

For example, you pay £200,000 today to purchase a Home for Life Plan on a property worth £250,000 and safeguard 50%. You live there rent-free and mortgage-free* for 20+ years and, when the plan ends, the property is valued at £380,000, your estate would be paid 50% of that value, £190,000.

Additionally, by securing your property for much less than the market value, you could have funds available now to gift an early inheritance, if you wish. The amount you choose to safeguard will affect the saving you receive on the Home for Life Plan price. Use our calculator here or speak with an expert at Homewise for a bespoke quote.

We hope this guide helps you in making an informed decision about selling your home for retirement. For further assistance and personalised advice, feel free to contact us or visit the links provided. Happy retirement planning!

*terms and conditions apply

Disclaimer

*Savings range from 8.5% to 59% for freehold properties with 0% safeguard; savings may vary for leasehold and retirement properties. The saving received depends on the customer’s age, personal circumstances, and property criteria. Only available to those over sixty years old and for properties purchased within England or Wales. Homewise Terms and conditions apply.