It's hoped the loans will help bring more large family homes on to the market.
It's hoped new 'downsizing' loans will help bring more large family homes on to the market.
Bank of Ireland is launching a pilot scheme at the start of next year, which will allow people to buy a smaller home before they close the sale of their current property.
The Trade Down loan is aimed at homeowners whose children have moved out and would prefer to live in a smaller home.
But CEO of Property District, Carol Tallan says downsizing works best when people can stay connected to their existing community and support network:
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