Posts tagged "home owners"

Robbie de Santos
Robbie de Santos

By Robbie de Santos

Shared ownership: has potential, needs reform

Two weeks ago Shelter launched its call for a bigger, better shared ownership market for low to middle income families.

In our report, Homes for forgotten families, we found that 1.8 million families typically earning £20,000 – £40,000 were unable to afford a family home in their area through full ownership. With home ownership out of reach and social housing in short supply, the only realistic option for most of these families is to raise their children in our … MORE...

Robbie de Santos
Robbie de Santos

By Robbie de Santos

Low to middle income families need bigger, better shared ownership

Buying a family home used to be an affordable, achievable aspiration for many low and middle income families, those typically earning between £20-40,000. But not anymore. That’s the finding in Shelter’s new report on how low to middle income families are faring in our housing market.

Over the last decade, the number of low to middle income families buying homes has been in steady decline. For many, their only option now is to raise their children with a backdrop … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

The heart of the problem

I tend to see everything in the housing system as interconnected. This is not to say that I’m a hippy who believes in the healing power of crystals. It’s because I see the impacts of a single, massive failure to provide enough, decent homes at prices people can afford: from the renters who come to us for help, facing eviction because their landlord has fallen into mortgage arrears, to the families languishing in grim bed and breakfast accommodation because of … MORE...

Steve Akehurst
Steve Akehurst

By Steve Akehurst

Britain’s housing shortage: coming to a swing seat near you?

Rising home ownership was once a staple of post-war prosperity. The increasing number of people owning their own home underpinned not only a burgeoning middle class, but a broader sense of optimism about the future.

A basic kind of social contract also emerged: if you worked hard and saved, you could eventually own a home. Today, while private renting remains so insecure and unaffordable, the stability of home ownership will obviously continue to be attractive for many.

Unfortunately, this social … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Help to who? Can it help the ‘right’ people?

Blimey. I’m quite used to my policy ideas being roundly abused by one set of people or another – in fact it’s not a bad test of an idea’s salience: if no-one at all is outraged it’s probably a non-starter.

But I’m not sure I can remember a policy that has attracted quite such a thorough a kicking as George Osborne’s Help to Buy mortgage guarantee scheme.

We’ve always argued that profligate lending to struggling households desperate to get on … MORE...