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Elderly switch to rental market to free up cash

A GROWING number of older homeowners are selling their home and switching to renting.The sales are seen as a drastic step to beat the squeeze on their living standards.

Based on figures from the HomeLet Rental index, it is calculated by Girlings Retirement Rentals, a private company dealing exclusively with renting private retirement property to the over-55s, that 1,074 people aged between 66 and 70 sold up during the last year to become tenants...

Click on the link to read the full article.

http://www.thisisstaffordshire.co.uk/Elderly-switch-rental-market-free-cash/story-13156155-detail/story.html

Pulished on the thisisstaffordshire.co.uk website, 18 August 2011.

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