Saturday June 6, 2020

Banks are unmoved by plight of struggling downsizers

22nd September, 2019
These days, banks won’t accommodate empty-nesters looking to downsize

A reader contacted me last week about my recent column (‘Little room left for downsizers’, August 10) on the subject of older people who have raised their families and would like to trade in their larger, high-maintenance homes for smaller properties.

For those who do not want to move to the seaside or back to their rural roots, there is a shortage of suitable smaller properties to buy in mature city neighbourhoods or suburbs....

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