Property News · February 25, 2022

New-builds and new rules will help the UK’s trapped renters | Letters


Keeley-Jasmine Cavendish calls for a mass construction programme for social housing, while Dr Sue Roberts would like to limit homeownership to local people and David Critchlow says the obstacle to progress is Tory ideologyI read with interest your editorial (21 February) regarding buy-to-let landlords and the injustice faced by renters who are excluded from the prosperity generated by rising property prices and who are funding the comfortable retirements of their landlords.While the suggestion of extending the right-to-buy scheme to the private sector is, at first glance, interesting, sadly this will not assist those who will never be able to afford to purchase a property. How will an individual receiving the minimum wage be able to afford the deposit required by a mortgage lender? Given that the average mortgage is repaid over 25 years, anyone over the age of 40 is likely to be excluded. Continue reading…

Source : theguardian.com
Read more…New-builds and new rules will help the UK’s trapped renters | Letters

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