A tale of two cities

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Housing, Wealth and Debt

Housing affordability is often depicted as primarily a London problem but is this really the case? New analysis from the Resolution Foundation suggests that while the capital may be at the epicentre, the housing storm now rages far and wide. London itself is a tale of two cities. Home ownership rates in Inner London have … Continued

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Dealing with the housing aspiration gap

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Housing, Wealth and Debt

Britain’s reputation as a nation of home-owners is under threat. While it’s true that just under two-thirds (65 per cent) of us own our own place, the home-ownership rate has fallen from 73 per cent since 2007. This downward trend has occurred despite the proportion owning their home outright continuing to rise gently in recent … Continued

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The ‘housing pinched’: Which UK households are most at risk of falling over the edge?

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Housing, Wealth and Debt

Reading the housing headlines recently you could be forgiven for breathing a sigh of relief. House prices have showed signs of cooling in recent months, thought to be partly down to tighter mortgage lending rules that have dampened down demand. In addition, at least outside of the South, private rents have been through a year of below-inflation increases on both government and many commercial indices. … Continued

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Shared ownership: a role for funders?

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Housing, Wealth and Debt

Almost a year on from the launch of Help to Buy, millions of Britons are still unable to get on the housing ladder. The ongoing costs of a high loan to value mortgage are too great a stretch on a modest income, however small the deposit. Among the under thirty fives on low to middle … Continued

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Shared ownership can put a roof over the head of Generation Rent

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Housing, Wealth and Debt

With house prices out of reach for many, shared ownership could be the next big thing – but only if it makes some serious change The gap between renting and owning with a conventional mortgage, even a high loan-to-value mortgage, has become unbridgeable for low and modest income families in some parts of the country, … Continued

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Shared ownership could help plug the housing gap

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Housing, Wealth and Debt

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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