The term last time buyers is the fact of the UK housing shortage.<\/p>\n
The facts.<\/p>\n
The housing market in the UK is stagnant, largely because there aren\u2019t enough new houses being built for people to move into.\u00a0 With over 11.4 million homeowners over the age of 55 classed as Last Time Buyers.<\/p>\n
These \u201cLast Time Buyers\u201d (LTBs) are sitting on \u00a3820 billion of property wealth and 7.7 million spare bedrooms. The equivalent to 2.6 million family homes.<\/p>\n
Imagine the possibility of freeing up these houses ?
\nWhat huge affect this would have. So why has nothing happened ?<\/p>\n
First, many older homeowners allow inertia to keep them in their current home, which is often\u00a0no longer fit for purpose and expensive to maintain. Also, many of those 55 and over \u2013 and 63% of those with at least two spare bedrooms \u2013 do intend to move, but all too often, they leave it late. More than half believe that it will be best to wait until they are over 70 before moving, and a quarter will wait until 80. Coupled with a lack of suitable alternatives, high asking prices and the potential tax burden when they do try to downsize, this means that many will never make the move.<\/p>\n
We need tax advantages to help our retired population down size and free up homes and nlock huge amounts of wealth.<\/p>\n","protected":false},"excerpt":{"rendered":"
The term last time buyers is the fact of the UK housing shortage. The facts. The housing market in the UK is stagnant, largely because there aren\u2019t enough new houses being built for people to move into.\u00a0 With over 11.4 million homeowners over the age of 55 classed as Last Time Buyers. These \u201cLast Time […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2162","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2162"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2162\/revisions"}],"predecessor-version":[{"id":2163,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2162\/revisions\/2163"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}