MPs are calling for ‘Help to Move' support for older people
- 18 Nov
MPs are asking the government to offer financial support and advice to make it easier for older people to downsize.
Within the ‘Help to Move' shceme would be a stamp duty exemption for older people buying homes worth up to £250,000, an equity loan offer and comprehensive advice linked to new pensions freedoms, reports Inside Housing.
The recommendations come out of an inquiry by the All Party Parliamentary Group (APPG) on Housing and Care for Older People.
Anaylsis by the think-tank Demos, has found that 58% of people over the age of 60 are interested in moving and a third of over 60s want to downsize.
Exempting older people from paying stamp duty on lower value homes would reduce transaction costs, it adds, and lead to a net gain for the treasury because of the resulting moves in the property market.
Lord Best, chair of the APPG on Housing and Care for Older People, said: "More and more people in their ‘extended middle age' are thinking about downsizing. This can mean much reduced fuel bills and maintenance costs, perhaps the release of some capital, and can prevent a forced move in later life. But down-sizing is not easy. Our report recommends a Help to Move package of Stamp Duty relief, financial advice and mortgage support - like the Help to Buy assistance for younger purchasers - to generate the demand that will get more high-quality homes built for this age group."
Claudia Wood, chief executive of Demos and author of the report, said: "A lack of suitable properties and the practical and emotional upheaval of moving can't be underestimated - but affordability is also a major barrier for many. The government needs to commit to really helping this group of people, with concrete policies - not just to ensure older people enjoy a better quality of life but also to stimulate the entire housing market by helping more older people move from family-sized homes."
What do you think of this? Tweet us your comments @suppsolutions
Image source: http://www.freeimages.com/photo/982475
- 01 Sep
Older people need more male carers
Professor Martin Green has said that the government needs to do more to recruit males into front-line adult social care roles, reports the BBC.Prof Green has said that with the increasing number of...
- 25 Aug
Survey finds older people have better quality of life in retirement villages than care homes
Chief executive of Audley Retirement, Nick Sanderson, has said that demand for his form of extra-care housing was so strong he could not build homes fast enough, reports the Guardian.He said: “I...
- 12 Aug
Older people’s Commissioner disappointed by Welsh Government
Sarah Rochira, Wale’s Commissioner for older people has said she is “extremely disappointed” at the response from the Welsh Government to its call for action to protect residents in care homes,...
- 31 Jul
Charity warns of loneliness in older people
The Campaign to End Loneliness charity want a “range of support” for older people to help them fight loneliness, reports the BBC. The charity says that transport and technology are essential to...
- 27 Jul
New housing for older people promised
Members of Kensington and Chelsea’s cabinet have decided to create 150 new homes for older people on the site of a care home that closed down in 2014 due to Legionella, reports Get West...
- 22 Jul
New drug provides hope for older people with Parkinsons
Scientists have found that people taking glitazone pills were less likely to develop Parkinson’s than people taking other diabetes drugs. However, they have cautioned that the drugs could have...
- 15 Jul
Lack in dignity when caring for older people in hospital
In a poll from 2012 it has been found that poor care is most likely to be experienced by people over the age of 80, reports the BBC. Over a third of patients who need help at mealtimes did not...
- 09 Jul
New housing development for older people in Sunderland
A 16.3m housing and care scheme has been opened by the Leader of Sunderland Council, reports Sunderland Echo.The accommodation provides 158 two-bedroom apartments for older people and 17 one bed...
- 07 Jul
Social care cuts leaving older people stranded
Age UK is calling on Chancellor George Osborne to put an end to cuts to social care funding due to the increasing rate the older population is growing, reports the Yorkshire Post. Age UK has...
- 01 Jul
Charity wants priority for older people in housing
Erosh represents organisation providing housing and support to 120,000 older people and has written to new government ministers in opposition, reports Inside Housing.The letter calls on ministers to...
Responding to the DWP Consultation: Housing Benefit Reform - Supported Housing "It was well-run, in a good location, and very useful. I've only one suggestion; as the session went on it would perhaps have been useful for bullet points of general agreement about what should be in the sector response to be displayed and added to as the session went on, maybe on a flip chart. Regarding your response paper, I particularly like the answer you give to question 9. In fact the general: "if it ain't broke don't fix it" response could be pushed harder." M.P. - Adref Ltd