Demand is growing for a new type of home loan that helps the over-55s facing a shortfall at the end of their existing term
Home owners in Britain aged 65 and over have effectively earned almost £1,000 a month over the last six months from their properties, new research shows.
Over half of older home owners in Britain say that they cannot see themselves moving out of their property and downsize as they want to hold onto happy memories.
The number of mortgages available for older home owners in the UK has increased significantly and likely due to the fact that the pension age has changed.
There needs to be a significant increase in the number of homes being purpose built for older people in the UK, according to a new report.
Millions of home owners in the UK believe that they could still be paying off their mortgage when they are beyond retirement age, new research has found.
The new boss of retirement housebuilder McCarthy & Stone has abandoned growth targets and will cut jobs in a bid to boost margins in the face of a troubled housing market.
Retirement housebuilder Churchill on Wednesday warned proposed changes to Britain’s leasehold system have triggered “cautious” land buying and created market uncertainty.
Retirement housebuilder McCarthy & Stone has looked haggard of late.
Shareholders have been spooked by proposed reforms that could set ground rents on new long leases to zero, leaving developers with less money to construct more properties.
Shares in retirement housebuilder McCarthy & Stone tumbled after it warned profits would slump this year because of economic uncertainty and weaker property prices and that its chief executive would retire in August.
London Mayor Sadiq Khan will this week be forced to rewrite part of his new affordable housing strategy after it was revealed that the country’s biggest retirement housing developers had stopped building in London because the conditions were so punitive.
A negative equity time-bomb is growing under Britain's banks and insurers as baby boomers are unlocking unprecedented sums of cash from their homes in equity release schemes at ever-younger ages.
Government proposals to scrap controversial ground rents have dented McCarthy & Stone's ability to buy land, while its profits for the first half of the year dropped by more than 50pc.
Retirement home builder McCarthy & Stone has cut back on land buying as it braces for a potential hit from government plans to ban new leasehold homes in England.
Work has started on property developer Adlington’s 55 luxury retirement apartments in Southport at a cost of £11.5m.
A group of housebuilders on Friday warned spending on homes for the elderly could dry up as they launched legal action over Sadiq Khan’s affordable housing plan.
Plans for a £13m extra care development for the over 55s in St Helens, Merseyside have been approved.
The blueprint by architect Brock Carmichael has had the scheme approved on behalf of North West housing group Torus.
McCarthy & Stone, the retirement housebuilder, is betting on bungalows and rental homes as it struggles to sell its homes in a sluggish market.
Retirement housing company Audley has signed a joint venture deal with Apache Capital to build homes for older people in central London, with work set to start on the first £125m scheme in Clapham early next year.
Britain’s pensioners are racking up ever-growing levels of debts as higher house prices mean families take longer to get on the property ladder, and people have to borrow more to cover care costs or help their children financially.
The mortgage debts of over-65s are set to double over the next 13 years from £20.1bn to £39.9bn by 2030, the Financial Conduct Authority believes.
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