The affordability of retirement housing

Affordability of retirement housing - cover

This report from the APPG on Housing and Care for Older People looks at ways of helping those in relatively low value properties to "downsize". Although large numbers of people in their "extended middle age" express an interest in moving to more manageable homes that will suit them as they get older, and many who do move release equity for an enhanced life-style, downsizing is problematic for those with less valuable homes.

The report, prepared by Claudia Wood of DEMOS for the APPG Inquiry proposes a "Help to Move" package with Stamp Duty relief, financial advice and equity mortgages similar to those for younger people through the Help to Buy scheme.