A rental retirement community operator is calling for greater awareness of renting as a practical and immediate solution, particularly for homeowners aged 55 and over.

A recent report from Yorkshire Building Societyfound that more than 60% of over-55s who own their homes would be open to downsizing in the next two years. But many say they are put off by the cost of moving, lack of suitable homes, and not knowing where to start. Two-thirds admitted they didn’t fully understand the downsizing process, and nearly half cited a lack of available properties as the biggest barrier.

However, Joanne Couch of My Future Living, says the solution is already available, it just hasn’t been widely talked about.

“We speak to many older homeowners who are ready to downsize but they feel stuck. They don’t want to buy again, or deal with the stress of maintaining a large home. Renting in a retirement community offers a simpler, more flexible way to live and it’s an option that deserves more attention.”

She claims that renting in retirement can help homeowners unlock capital tied up in their property, live without the burden of upkeep or unexpected maintenance costs, and still enjoy security through long-term assured tenancies. Residents benefit from living in purpose-built homes within a friendly community, without the responsibilities of home ownership.

Couch says benefits for downsizers include no stamp duty to pay; capital freed up from the sale of a property; potentially fewer maintenance or repair costs; age-exclusive communities; and support through the moving process.

She adds: “This is about helping people take control of how and where they live. Renting offers flexibility, security, and simplicity — especially for those ready to downsize but unsure of their next step. We want to show that this route is not only viable, but life-enhancing.”