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    According to a survey by the property website Rightmove, almost two-thirds of renters feel trapped because they want to buy a home but can't afford to do so.

    According to the Guardian,

    “The research points out the frustrations faced by millions locked out of home ownership, dubbed generation rent, as the spiralling cost of letting and a revived property market curb these aspirations.”

    It is anticipated that, on Wednesday, Mark Carney, the Bank of England's governor will give a framework of his plans to keep interest rates low for probably many years in order to catalyse sustainable recovery.

    He is also expected to continue with strategies for low mortgage costs, especially the funding for a lending scheme credited with boosting demand among first-time buyers.

    Critics of the policy have claimed that:

    “Without a surge in house building, low interest rates will push up house prices further, making it harder for renters to save for a deposit on a home.”

    August 05, 2013 by Abimbola Duro-David Categories: Housing And Benefits

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    Introduction The National Statement of Expectations for Supported Housing (NSE) was finally published on 20 October 2020, five years after the 2015 Comprehensive Spending Review suggested regulatory and oversight changes were needed, although in 2018 the government >>>

     

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