‘It’ll be a massive saving’: why more people in the UK are downsizing home

The Guardian

Lean Left

Mixed Factuality

Independent: Scott Trust Limited

‘It’ll be a massive saving’: why more people in the UK are downsizing home

Some Britons are aiming to cut their mortgage costs and lower stress levels by moving to a smaller propertyWhen Richard Wise* moved from London to Margate in Kent three years ago, he did not expect to move again any time soon. But the music industry manager and his partner are planning to downsize from a four- to a three-bedroom property after their mortgage rate quadrupled.“After Liz Truss’s bombshell [the September 2022 mini-budget that led to…