Is it better to rent or buy in retirement?

Should you rent or buy a retirement property? Read about the pros and cons from our expert, Tannaz Bhoot, Head of Rentals at McCarthy Stone.

A living room at Westwood Manor in Beverley
Property advice
Posted 24 April 2025
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Should I buy or rent a McCarthy Stone retirement home?

We offer a number of flexible ways to help you to move in and enjoy our McCarthy Stone lifestyle, so you can find the right one for your circumstances, preferences and budget. Our Head of Rentals, Tannaz Bhoot, LLB (Hons) MARLA, explains what each of them are and shares why she thinks retirement rentals are an important addition to the mix.

What are the different ways to move into a McCarthy Stone property?

“At McCarthy Stone we have options to buy or rent your retirement property and some of our homes are offered through Older Persons Shared Ownership too. This means there are a range of routes for you to enjoy life in our fantastic communities other than buying outright. In fact, you may decide that the flexibility of renting suits you better - and allows you to move in sooner.”

Tannaz Bhoot, Head of Rentals at McCarthy Stone

 "Renting with us allows you to enjoy the McCarthy Stone lifestyle on your terms. There’s no chain to worry about, or pressure to sell your current home.” 

Tannaz Bhoot, Head of Rentals at McCarthy Stone

Why are there all these options for retirement living?

“We pride ourselves on working closely with our customers and developing products based on their feedback – that’s one of the reasons we’re consistently awarded five-stars for customer satisfaction. Feedback tells us retirement is changing and people want more flexibility. Renting, for instance, frees up your finances and puts you in control. Renting also allows some people to keep their existing home while enjoying everything McCarthy Stone has to offer - that has proved very popular!”

Why are these options good choices for retirement living?

“Flexibility is the key feature, but each option has its own unique benefits. For example, many people enjoy the security of buying their own home, while with retirement rentals you can move really quickly - the average move takes just 30 days.”

And what is Older Persons Shared Ownership?

“This is a Homes England backed scheme that can make our homes more affordable, for instance you could purchase 75% of your next home with no rent to pay – or purchase other percentage options with some rent.”

Find out more about Older Persons Shared Ownership.

Why do people buy their retirement home?

“Buying a McCarthy Stone home outright gives a wider choice of retirement properties, as well as giving people security and an investment. If you buy off-plan you get the pick of the properties and can get first choice of things like patios and balconies.”

Find out more about buying a McCarthy Stone retirement property.

Renting a retirement home is quite a new concept. Why is it so popular?

“Renters tell us that they love the security from the Assured Shorthold Tenancy Agreement and the convenience of making one single monthly rental payment which includes access to all the amenities and services on offer at the development as well as parking where applicable. Plus, they save on the expenses associated with buying a property, including Stamp Duty. Compared to buying it is relatively quick and easy and from removals to giving you a helping hand in getting to know your neighbours, we’re here to support you however you need.” 

What are the benefits of retirement rentals at McCarthy Stone?

“Renting with us allows you to enjoy the McCarthy Stone lifestyle on your terms. There’s no chain to worry about, or pressure to sell your current home. Plus, there are no long-term ties or commitments and with one monthly payment it’s easier to keep track of your finances. The monthly rental payment includes property maintenance and access to amenities too.”

Read our 7 reasons to rent in retirement.

Can you rent retirement properties at all McCarthy Stone developments?

“We offer a limited number of retirement rentals at many of developments across the UK, but they do tend to get snapped up quickly. Our friendly sales team will let you know the options in your area - you can call them on 0800 201 4811 or view retirement rentals online.”

I’m interested in a McCarthy Stone retirement property, what should I do next?

“I think visiting one of our developments is the best way to find out if it is right for you. Our dedicated team can discuss each option with you, show you around and introduce you to some of the community. You many even be able to ‘try before you buy’.” 

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Rent or buy and join a McCarthy Stone community near you

Whether you choose an independent living apartment with Retirement Living or opt for the added services of Retirement Living PLUS, our retirement communities offer an easier lifestyle, combining the privacy of your own home with amenities and new friendships on the doorstep. 

For more information or to book an appointment to visit, call us on 0800 201 4811 or get in touch online.

 

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