Tag Archives: private rental sector

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. […]

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 […]

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 […]

More people renting in retirement, according to new poll

A new poll of private renters by the National Landlords Association (NLA)* shows that the proportion of retired private renters has grown by 13 per cent since 2012 (approximately 220,000). It also highlights that 17 per cent of the retired private renting population live in the South East of England, with just 3 per cent […]

Why Build to Rent is essential for older people too

The Build to Rent sector is of growing interest to investors. Last December Knight Frank said that £15bn had been invested in the sector, and its latest statistics suggest that institutional investors will commit to a total of £50bn by 2020. Two large investors have also just signalled their entry into this sector. Grainger plc […]

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% […]

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 […]

‘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. […]

We don’t need to ‘featherbed our pensioners’

In the recent Times article, ‘Can we afford to featherbed our pensioners?, Paul Johnson, Director for the Institute of Fiscal Studies presented just three choices of how Britain will find £12 billion a year to fund pensioners’ benefits. These ‘choices’ were – reducing benefits and services for the old, recognising that demands on the state […]