Nowadays, a lot of people after retiring are moving to different cities. The reason for that in most cases is financial – they are looking for cheaper living. Since there has been an increase in house prices all over the UK, people often opt for equity release in order to move to another city.
Websites like responsible equity release are very helpful as they often contain not only rates of interest on equity release, but also an equity release calculator so that you can see how much you can release from your property.
One of the best places to retire in the UK is Plymouth, Devon. The prices of houses, as well as the overall cost of living, are very affordable, and the city has 232 cafes/pubs and 68 churches. Also, if you like nature, the national park is only seven miles from the city centre.
Another great place is York, North Yorkshire. The city itself has a rich historical heritage. Being the county’s capital, York is often visited by tourists. However, since the centre of the city is almost traffic-free, it is also peaceful and quiet. If you are still not convinced you can always live in the countryside, located not that far from the city centre.
The last place that you should consider while retiring is Birmingham, West Midlands. Birmingham is the UK’s second biggest city. You could almost call it a UK’s Venice, as it has more canals than Venice itself. It is also a very affordable city.
If you want to learn more about which places are the best for retirement in the UK, check out the infographic below.
