Tag Archives: security of tenure

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 […]

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. […]

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 […]

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 […]

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 […]

‘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. […]

Grand Design’s Kevin McCloud says “rent don’t buy”

I was pleased to hear that Grand Designs’ presenter, Kevin McCloud, believes that people in the UK should rent not buy properties and change their mind sets to consider being tenants rather than homeowners. With over 20 years in the business of renting retirement property to those aged 55 years and over, this is a […]

Housing for older people – yes it does matter

A new ‘viewpoint’ blog by Tony Watts OBE, for the Housing Learning and Improvement Network (Housing LIN) entitled “Safe, warm, decent housing for older people – why it matters” has just been published which includes an important six point manifesto on what is needed to improve housing options for older people in the UK. The […]