Should government provide deposits for ‘generation rent’?

September 19, 2016

A report published last week by Localis an independent think-tank dedicated to issues related to politics, public service reform and localism headlined ‘Turning Generation Rent into Homeowners’.

The report makes the case for government to provide mortgage deposits for Generation Rent, it recommends the introduction of a government-backed deposit guarantee scheme for first-time buyers.

The report leads by stating: A whole generation is being locked out of the housing market. Rising house prices, cost of living increases, stagnant wages, depressed housing supply and tighter lending criteria are all contributing to the creation of a generation of renters, for whom the dream of homeownership remains just that, a fantasy.

Read the report in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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