Subscribe to our RSS Feed
According to research conducted by Saga Personal Finance, more than a third of UK homeowners over 50 say that their homes are in need of repair, and an alarming one in seven state that they cannot afford to fix their problems.
London appears to be the worst hit area, with 42% of respondents from the capital saying that their houses needing some sort of repair, with the most common complaints being inadequate roofing, blocked gutters, and failed central heating systems – jobs that the elderly are unable to do themselves and need a handyman in London to perform.
The findings disclose that as many as one in five women over 50 living on their own are forced to let their homes deteriorate as they cannot afford to make the necessary repairs, whilst over half have to reluctantly dig into savings, as their pensions are inadequate to cover the cost of home maintenance.
Although Saga Personal Finance suggest that the way forward for these London homeowners is to take out equity release on their homes, we would suggest that anybody requiring a home roofing repair or central heating service done before the winter sets in should use the “Post-a-Job” facility at the top of the page to attract quotes from tradesmen in London and get the best deal to prevent your London home from falling apart.