Almost a third of current mortgage holders in Britain, equating to four million people, may have to re-evaluate their finances in later life as their estimated repayment age will be older than they expected.
Home ownership in the UK could be increased significantly in the UK at no cost to the Treasury, by giving tenants and landlords a rebate when a rented property is sold by the landlord to a sitting tenant, it is claimed.
Homeowners are making a "costly mistake" by turning a blind eye to additional fees when they remortgage, it has been claimed.
Barely half of all families in Britain own their own home, research highlighting the extent of the rise of generation rent shows.
A study by the Resolution Foundation thinktank has shown that official figures have exaggerated home ownership, which has been in steady decline since 2002.
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