Article preview: We often hear about first-time buyers and the challenges they face getting a step onto the housing ladder. But what about last-time buyers? A new report has recommended finding solutions for last-time buyers as well as first-time buyers, in order to fix the UK’s broken housing market. The report, published by the Centre for the Study of Financial Innovation (CSFI), identifies a shortfall in the right kind of homes in the UK, as well as homes in general. This deficiency could be making it harder for older homeowners to downsize in retirement, which has a knock-on effect elsewhere in the housing market.
Fixing the property market with a focus on last-time buyers
This 713 word blog post looks at findings and recommendations in a new report from the Centre for the Study of Financial Innovation (CSFI), which suggest focusing on solutions for older homeowners in order to fix the UK’s broken housing market. Includes comments from report author Professor Les Mayhew of the Cass Business School, Sue Hayes, group managing director – retail finance, at challenger bank Aldermore, which also supported the study, and Dave Harris, Chief Executive Officer at more 2 life, a lifetime mortgage lender. Written on 26th February 2019.
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