Skip to content
Back Back to Insurance menu Go to Insurance
Back Back to Saga Money Go to Saga Money
Back Back to Saga Magazine menu Go to Magazine
Back Back to benefits Go to benefits
Search Magazine

Meet the new generation of renters

Advertising feature in association with McCarthy and Stone / 17 February 2020

If you’ve owned your own home, you might view renting as a temporary option. McCarthy & Stone is aiming to change that perception with its assured tenancies.

Ron Daykin
Ron Daykin

Margaret Brannan, 70, moved to Milward Place, a Retirement Living development in Redditch. She’d been staying with her daughter and son-in-law but they were often away on business and she felt lonely.

‘The idea of renting is very appealing,’ says Margaret. ‘It offers the same security as owning my own home because of the assured tenancy, but with the flexibility of knowing I’m not tied down.’

An assured tenancy is long-term, with increased protection that means Margaret can stay in her home for as long as she wishes – but without being tied to a long notice period after an initial ten months.

‘It was a game changer,’ says Margaret. ‘I think more older people should rent. The rent includes service charges and water rates – and of course, all exterior maintenance is taken care of. It’s also given me the flexibility to take my time and get used to a new way of living. Although the truth is, I felt at home from the first moment!’

Her neighbours Robert Wragg, 65, and his wife Jennifer, 72, agree. They sold their four-bedroom detached house and home is now a manageable one-bedroom apartment, with access to Milward Place’s gardens and a community of friendly people. ‘We moved in an afternoon and without needing to exchange contracts on our old house,’ Robert says.

And that’s by no means the only benefit. ‘If something goes wrong, we just ring McCarthy & Stone and someone comes to fix the problem. In our previous home we were forever decorating and cleaning.

Jennifer is enjoying the new friends she has met. ‘There is a communal lounge where we all get together. We’ve nicknamed it the ‘Milward Arms’, as it’s where we like to get together for a glass of wine or a beer.’

‘Everything has worked out perfectly,’ says Robert. ‘I only wish we’d known about renting with McCarthy & Stone before!’

The social aspect of Milward Place appealed to Ron Daykin, 63, who moved from an apartment block where he never saw his neighbours. ‘I began to feel isolated.’ Ron didn’t want another mortgage. ‘Renting gives me flexibility. I have a job and work from home several days a week.’

Then there’s Barbara Higginbotham, 87, and Dorothy Leake, 88, who have been friends since they were 14. Nowadays the pair see more of each other than ever, since they became neighbours at Fairway View in Brough.

Barbara says: ‘When Dorothy told me she was moving, it really made me think about my own situation. When I visited her, it felt homely and the people were so friendly.’

Barbara didn’t waste any time and rental was the perfect option. ‘If I had to sell my bungalow before I could move, who knows how long I would have waited.’

Rentals are available in all RL and RLP developments across England and Wales. See website or call 0800 882 1487

Come & See 
Call 0800 882 1487 to visit one of our developments or for a free brochure, or visit McCarthy & Stone.

The opinions expressed are those of the author and are not held by Saga unless specifically stated.

The material is for general information only and does not constitute investment, tax, legal, medical or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.