Posts tagged "squeezed middle"

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...

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...

Robbie de Santos
Robbie de Santos

By Robbie de Santos

What to do about the squeezed middle’s housing pressures?

I’m starting to hear a lot about the problem of housing for low to middle income households. Two events this week. One was the launch of housing association Gentoo’s Genie product, which removes the need for mortgages and deposits with a ‘home purchase plan. The second, today, was the Resolution Foundation think tank’s report on how low to middle income households are faring in the housing market.

Policy makers are trying to provide a politically appealing and genuinely affordable offer … MORE...

Robbie de Santos
Robbie de Santos

By Robbie de Santos

The power of buy to let

Figures out from the Council of Mortgage Lenders today show that buy to let mortgage lending – mortgages for landlords buying property to rent out – has reached a record high. Now £1 in every £8 of mortgage lending goes to buy to let.

The appeal is obvious. It feels like every week a news story goes out reporting rising rents. And, as research by Jones Lang LaSalle found, many subscribe to the “small island” theory – that … MORE...