Tag Archives: retirement housing

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 […]

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. […]

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 […]

Half of home movers looking to downsize

We were interested to read a report by Lloyds Bank* this week which suggested that nearly half (46%) of home movers in the UK plan to downsize in the next three years and could realise up to £200,000 as a result. Downsizing was cited as the single most popular reason for moving and the average […]

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 […]

‘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 […]