Author Archives: Peter

Stamp duty causes problems at both ends of the housing ladder

A recent report by the London School of Economics and the VATT Institute for Economic Research[i] highlights that stamp duty is making the housing crisis worse as it’s deterring many older home owners from downsizing. The report suggests that the rate of home moving would be 27 per cent higher if stamp duty was abolished. […]

Why shouldn’t London have housing developments exclusive to the over 55s?

A recent article in The Guardian[i] focused on a new housing development called Quadra, located in a trendy part of Hackney in London and offered exclusively to the over 55s. The development is aimed at people wanting to downsize to an aspirational home in a vibrant part of the capital. The journalist Rosie Spinks, highlighted […]

Renting in retirement can avoid high service charges which are putting people off downsizing

This week a new research report from law firm Winckworth Sherwood and Housing LIN, asserted that housing for older people is being ignored by the government. It also highlighted the lack of choice of housing and the fact many older buyers are confused about the retirement housing options available.   80% of those surveyed claimed that […]

New housing strategy aims to make it easier for older people to downsize

The government’s white paper ‘Fixing our broken housing market’ outlines its new strategy for housing in Britain including several measures to make housing more affordable and accessible to buy or rent. We understand that a policy[i] to incentivise councils, housing associations and smaller housing developers to build more good-quality sheltered accommodation aimed at the older […]

Why longer tenancies may benefit tenants of all ages

Citizens Advice announced last week that it will be stepping up its campaign for longer tenancies[i], in a bid to overhaul the private rented sector. According to its figures, 39 per cent of people living with their children in rented homes have a tenancy of six months or less, which creates uncertainty. It also found […]

BBC’s The One Show suggests renting can be a good option for retirees

Last week, BBC’s The One Show (22 November 2016)[i] focused on retirement living and suggested that renting may be a good alternative to buying a property in a purpose built retirement development. Reporter Joe Crowley highlighted that a growing number of older people are buying leasehold apartments in purpose built retirement developments. Such developments offer […]

New research confirms that retirees ’just want to have fun’

As the first polymer five pound notes arrive in our wallets, analysis from retirement income specialists, Retirement Advantage, reveals that over 65s in the UK spend a greater proportion of their money on lifestyle products and services than on essentials*. Andrew Tully, Pensions Director at Retirement Advantage commented, “With the launch of the new polymer […]

England’s South Coast Most Popular Place to Live for Retirees

Dorset has just topped ‘a best places to retire’ index released by Prudential this week, followed by West Sussex, Hertfordshire, Devon and the Isle of Wight. It’s no real surprise that seaside locations continue to be popular with Britain’s retirees and this also reflects our experience. It’s easy to see why, with the reasons for […]

Are longer tenancies back on the housing agenda?

According to reports, the new Housing Minister Gavin Barwell supports the concept of longer tenancies for renters in the private sector and is investigating ways of making it easier for private tenants to obtain longer tenancy agreements. This makes eminent social sense as it facilitates more permanent communities to be established with the consequent benefits […]

Britain’s retirees increasingly optimistic about their future

According to the Inaugural Retirement Confidence Index* from McCarthy & Stone, the UK’s largest retirement housebuilder, retired people in the UK are currently exhibiting soaring levels of confidence. Our own experience bears this out as our customers frequently mention they are looking forward to the future and the chance to do something new and exciting. […]