Category Archives: Uncategorized

8,000 new specialist homes for older people is just the tip of the iceberg

We welcome the plans in yesterday’s autumn statement from the Chancellor, George Osborne to stimulate the housing market, in particular the 400,000 affordable homes to be built by 2020-21, including 8,000 specialist homes for older people and those with disabilities, as well as the 2% increase in council tax to fund elderly care. These homes […]

Lifetime tenancies may no longer be available to new social housing tenants

It was revealed at the end of October that the Government plans to scrap lifetime tenancies for new social housing tenants in favour of fixed-term contacts. Whilst councils and housing associations have been able to offer five-year fixed-term tenancies since 2012 – the numbers doing so are low. According to official figures* , just 13% […]

‘Last-Time Buyers’ would downsize but they have nowhere to go

Lynda Blackwell, Head of Mortgages at the Financial Conduct Authority, addressed a conference yesterday and said that older people who are mortgage free and living in homes ‘too large for them’ should be encouraged by Ministers to downsize. We agree that if older people could downsize it would free up family homes for people further […]

Why older couples should consider downsizing and then rent instead of buy

A recent article in the Daily Telegraph looked at why older people don’t wish to downsize in their later years. The article highlighted some of the main obstacles, such as a lack of appealing smaller homes, the expense of moving, including stamp duty, and no decent bank savings rates to provide an adequate return from […]

Lifetime tenancies shouldn’t be limited

Natalie Elphicke, chair of Million Homes Million Lives and co-author of the Treasury-commissioned House/Elphicke review of council house building, has recommended that lifetime tenancies should be limited to only those with ‘long-term high housing’ needs, such as the ‘highly disabled’ and people in ‘extreme old age’. Her comments come as the government is preparing for […]

Budget fails to address the need for more retirement properties

Today’s Budget, the first for a majority Conservative Government since 1996, failed to address the shortfall of retirement housing in the UK and included virtually no policy announcements on the UK’s chronic housing shortage at all. This was disappointing especially given in in recent years much of the Government’s housing policy has focused on getting […]

Is Britain prepared for an ageing population?

The latest Office for National Statistics (ONS)[i] figures have revealed that the average age of UK residents has hit 40 for the first time, and that the total UK population has now reached a record 64.6 million, increasing almost half a million in the past 12 months. The population as whole is getting older with […]

‘Last Time Buyers’ needs to be prioritised

A report published today by Legal & General[i] called “Last Time Buyer” (LTB) has found there are 5.3 million under-occupied homes in the UK, with 3.3 million last time buyers looking to downsize. According to the report, the LTB market accounts for £820 billion of the housing wealth, set to reach £1.2 billion in 2020. […]

Why is housing for older people being ignored in the run up to the election?

There seems to be one big housing issue that all the political parties are ignoring in the run up to the General Election and that’s housing for older people. The main headline manifesto pledges include the Conservative’s extension of Thatcher’s right to buy for 1.3 million families in housing association properties; Nick Clegg’s pledge to […]

Welcome news on pensions but housing for older people missing from budget

The Budget brought some welcome news concerning people’s pensions with the announcement that up to five million pensioners will be given the freedom to sell their annuity for a cash lump sum. From April 2016, people who already have an annuity will be able to now effectively sell it on, so that they too can […]