Sizing up the situation: the advantages of downsizing

Using research collated with PricewaterhouseCoopers LLP (PwC), Hanover have compare the running costs of a typical 3-bedroom home with a typical Hanover retirement property based on publicly available data.

The analysis suggests that based on example scenarios, downsizing can reduce running costs, including for those with no existing rent or mortgage costs. Hanover also expect these savings to be even greater as they findd new ways to make their services charges even more affordable in existing and new-build properties.