Posts tagged "mortgages"

Chris Thorne
Chris Thorne

By Chris Thorne

Does business have a responsibility to support its employees with housing?

This blog was originally published as part of the The Great Business Debate. Visit the website to see the original post and join the debate.

The days of employers building houses for their workforce are long gone. Purpose built developments, such as George Cadbury’s Bourneville, are consigned to the past. But today, employees need support from their employers with housing more than ever.

We are in the midst of a housing crisis. The repeated failure of governments to build … MORE...

Joe Sarling
Joe Sarling

By Joe Sarling

Help to Buy is not the answer to building enough homes

Help to Buy is this government’s biggest intervention to date in the housing market and ministers often portray it as a major part of their answer to the housing shortage. However our analysis shows that this approach cannot deliver enough homes to meet need. The only way it could is if the average price of a home in England reached an astonishing and implausible £9 million.

Let me explain.

The current – and orthodox – thinking is that the supply … MORE...

Joe Sarling
Joe Sarling

By Joe Sarling

Policy merry-go-round on either side of the Atlantic

Last week, we saw on either side of the Atlantic two starkly contrasting responses to post-credit crunch financial policy. In the US, President Obama firmly rejected the politics of old. Never again would the US taxpayer be first be in line to cover the cost of failing mortgages or underwrite loans the market considers too risky. Instead, he wants to see the private sector take on more of the risk as he winds down the two mortgage giants, Fannie … 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...