Housing policy is too concentrated on first-time buyers
and should be refocused towards 'last-time buyers' to encourage those aged 55+
to downsize, according to a new report for the Centre for the Study of
Financial Innovation (CSFI). The report also highlights the role of the
financial services industry in expanding mortgage offerings and insurance
policies to enable older people to monetise their housing wealth. The UK's
housing crisis is the result of a growing population and an inadequate supply
of new homes. Demographic analysis suggests that the demand for accommodation
could add the equivalent of two new towns, each with 100,000 homes, every year
for 25 years. Read more on the EurekAlert! website.
Cardiff council warns tenants of eviction if household member convicted for
Ely riots
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If individuals are convicted and sentenced, council may go to court to seek
repossession of their home, letters said
Cardiff council has written to sever...
1 day ago
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