{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/67c5d757b48a8f157c1f9076/69283340518d508750082033?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Bank of Ireland’s New ‘Trading Down’ Loan Will Encourage Older People to Move to Smaller Homes - 27/11/2025","description":"<p>Bank of Ireland (BoI) will pilot a new loan product allowing people to trade down to a smaller home.</p><p><br></p><p>The product is similar to bridging finance and is likely to appeal to people whose children have left home and who want to downsize.</p><p><br></p><p>Previous suggestions that older people in large properties whose families have left should move to free up houses for younger families have drawn a furious backlash from groups representing the elderly.</p><p><br></p><p>Most older people want to stay in their homes, according to surveys, and they resent suggestions they should move to somewhere smaller.</p><p><br></p><p>Others see trading down as a viable move involving less maintenance that would free up funds after selling a larger property.</p><p><br></p><p>Personal Finance Editor at The Irish Independent, Charlie Weston, joined us on The Agenda this morning to tell us more about this. </p><p><br></p><p><br></p>","author_name":"lmfm "}