Friday 24 October 2014

Move Out Of Your Big Homes and Help Society, Minister Tells Over-55s

Middle-aged couples in large homes should be encouraged to sell up and downsize to smaller properties to “benefit” society, a minister has said. Lord Newby, a Liberal Democrat minister, said that more than half of people aged over 55 years old had spare rooms and suggested the Government should take action to help them move. He pointed to Government trials in which taxpayers’ money had been used to help cover the costs of moving and to help arrange mortgage financing for so-called empty nesters. Read more on the Daily Telegraph website.

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