12 insights from 2024 when it comes to moves in later life

Wishing you a very Merry Christmas from Turners Oak.

Whether you have moved this year and so this will be your first Christmas in a new home, whether you're planning to move next year and this will be your last Christmas in your present home, or whether you're thinking of moving or not planning on moving at all, I hope you enjoy the festive season.

The festive season, and indeed winter in general, tends to be a time when we reflect on many things, including our home and living environment. If you're meeting up with family members this could be a good time to have a proactive conversation - I share some information on the importance of conversations below.

If you're alone this winter, then you're not alone. 47% of all older homeowners live alone and there are 1.2 million people over 65 ageing without children in the UK. If you are feeling lonely please do contact local organisations such as your local Age UK, U3A, faith centres or the social prescriber at your GP surgery. Local social clubs and pubs will no doubt have events you can attend, and don't dismiss the activities that care homes and retirement villages put on - you don't need to be intending to move into one to be a part of their community.

2024 has been a pivotal year for Turners Oak. We've evolved from purely estate agency for older homeowners to now offer a Future Planning and Consultancy Service designed to empower older homeowners to make informed decisions that are right for them - whether that's making a move or not.

I thought I would end the year by sharing twelve valuable things I've learned in 2024 when it comes to moves in later life.

1. Be proactive

Did you know that 40% of moves that took place amongst the older population were unplanned? That means they were likely made in a rush, with little information and with limited choices, and probably after a crisis or a significant life event - and so were happening at a time of great emotion and stress.

Even if you're not intending to move, the value in knowing your options, getting clarity on your priorities and concerns, and having some information in case you have to make a move cannot be underestimated. You can make a plan and stick it in the drawer - you might never need it, but it will be invaluable if you do.

2. Control

Being proactive also means keeping control. It may seem counterintuitive but asking for support and information allows you to retain more control than doing nothing. Information is power after all.

3. Choices

When it comes to moving home in later life the choice is vast. There's mainstream housing with all of the options there (freehold, leasehold, locations etc), then there's the array of age-specific options which can vary dramatically - from the more traditional retirement properties with limited facilities to the growing number of Integrated Retirement Communities that offer leisure facilities, healthcare support, restaurants and more.

4. Conversations

Through conversations with clients it is clear to me that the act of talking things through is incredibly empowering. Hearing yourself talk about what's important to you, what you are concerned about, what options you are considering or dismissing (and importantly why) can be clarifying in its own right.

These conversations can feel uncomfortable for families and so it becomes the elephant in the room. However, proactive, open conversations without pressure can help both older homeowners and their family members understand each other's concerns and wishes and therefore not make assumptions about what is important to the other person.

5. Older People's Housing Taskforce

In November 2024 The Older People's Housing Taskforce released its report and ten recommendations to Government for housing that promotes wellbeing and community for an ageing population. It is vital that Government takes seriously the recommendations in the report and brings forward policies designed to support our ageing population to live well.

6. Winter fuel, pension credit and Attendance Allowance

In July the Government changed the eligibility for winter fuel payment to be means tested. If you are struggling and not sure if you qualify for the winter fuel payment or any other benefits then have a look at the Age UK advice online.

In addition this year I learned about Attendance Allowance - a non-means tested benefit for those that need support at home (whether they are actually receiving that support or not). It turns out my mum qualifies for it and she now receives £108 a week to help with keeping her independent at home.

7. SOLLA

The Society of Later Life Advisers are an incredible network of financial advisers that have undertaken specific exams to support those in later life with financial planning. Turners Oak is an affiliate of SOLLA and I regularly see the valuable work they do when it comes to financial planning and care costs planning. As with all this advice it's about being prepared and not leaving it too late.

8. Power of Attorney and Wills

As someone who has worked in the private client department of two solicitors firms I have always believed in the importance of having Lasting Powers of Attorney and a Will. Now working with clients in later life, as well as families and attorneys that are supporting them, my belief is even stronger.

Unfortunately most people have incorrect assumptions as to what will happen if they lose capacity and don't have a Lasting Power of Attorney or if they die without a Will - it can be an absolute minefield that leads to many unintended consequences and stress for all involved. This really is an example of being proactive in order to keep control.

9. Technology

There is so much incredible technology available to help people live at home longer and safer. From personal alarms to video calls via the television and much more - there are multiple ways to stay independent, safe and connected.

10. Independence, safety, control, community and belonging

As part of the Older People's Housing Taskforce report, research was commissioned into 'What older people want'. Independence, safety, control, community and belonging were the key wants and needs of those in later life. These do not surprise me at all. How does your current living situation measure up - both now and in the future - for your wants and needs?

11. Writing and drawing

Whilst conversations are powerful to get clarity, so can writing or drawing be. The act of getting your thoughts and feelings out and on to paper can help you understand what's really important to you or what might be getting in your way of making decisions.

Pick up a pen and paper and ask yourself some starter questions such as: 'What do I love about this house; what's starting to niggle about this house; what's no longer working; what am I most concerned about; what would the best case scenario be; what would the worst case scenario be; what do I not want to compromise on and why; what information am I basing this on?' You can come back to this a few times.

12. Hourglass

Hourglass is a national charity whose mission is to end the harm, exploitation and abuse of elders in the UK. Having attended their conference this year it was a real eye-opener as to the types of abuse that those in later life can suffer. Hourglass are here to support those in later life - if you or anyone you know could benefit from knowing about Hourglass then do look them up online.

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I would love to know your thoughts and am always keen to hear experiences from clients and those moving in later life and answer any questions. You can get in touch with us here.

Wishing you a very Merry Christmas.

Susan, Founder of Turners Oak