The repossessions timebomb: how to help homeowners at risk of default

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Housing, Wealth and Debt

Against the backdrop of the most prolonged recession in living memory, the relatively small increase in homes being repossessed has been a welcome surprise. Numbers did spike, but they never reached the levels of the early 1990s and have been coming down steadily over the last four years. This owes something to government support programmes, … Continued

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Shared ownership could help plug the housing gap

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Home ownership is in decline. Rising house prices, falling wages and restrictions on mortgage lending have left this common aspiration far out of the reach of the vast majority of low- and middle-income households. Though today 64% of Britons still own their home, that figure is fast dropping, in no small part due to coalition … Continued

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Some home truths

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In Britain today, a couple earning £22,000 with one child looking to buy a home are priced out of almost 40 per cent of local authorities. How did we end up here? And where in Britain can low-income working families afford to live? According to our report Home Truths–published last week, a third of the country’s … Continued

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Search for a housing strategy

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The housing crisis has built up over time and can’t be fixed overnight. But there are things the government can do to make homes more affordable to lower-income families Much of Britain is unaffordable to lower-income, working families according to Home Truths, a report published this week by the Resolution Foundation. The report finds that a … Continued

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Homeownership: the preserve of the rich?

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One of the most striking findings of our Squeezed Britain report, which sets out the economic position of the squeezed middle in forensic detail, is that home ownership is now out of reach for many people on low to middle incomes (LMI). On the basis of current incomes, house prices and the loan-to-value ratios now available, it … Continued

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