You may have seen this letter going viral on Twitter:
Halifax’s annual Generation Rent report came out today, and the main finding is how renters are becoming resigned to their fate.
There were some positives with the highest number of first time buyers for 7 years, although we are a long way off the levels of half a million seen in 2002. However, there is little improvement in how potential first time buyer view their chances – with 79% of 20-45 year olds believing that banks don’t want to lend to first time buyers and 21% believing it is virtually impossible to obtain a mortgage.Read more
Over the last 18 months renters and shared owners have been enticed to live in the East Village with the promise of being part of a new, exciting community. But for almost 400 households in "80% of market rate" intermediate rent, that dream is turning sour.Read more
As the election campaign really kicks off, you will no doubt hear a knock on your door soon from one of your many Parliamentary candidates hoping to win your vote.Read more
Just a few days into the 2015 General Election campaign, and we are already in the midst of a confusing barrage of promises, photo-ops, accusations and counter-claims. Even to a hardened political observer, it is genuinely difficult to evaluate the statistics, date the political commitments or even work out who is saying what.Read more
I am, among many things, a member of generation rent. With my A levels burning a hole in my back pocket I took the logical step out of my family home on the outskirts of Liverpool and took up residence at university. I moved into a three-storey halls of residence, which was heated by a gas oil burner that made all of my belongings smell of paraffin. "All your clothes stink", my mum would say whenever I came home, "even your laptop smells". I took no notice; all I could smell was freedom.Read more
The Conservatives' controversial Right to Buy policy will be extended to private renters, according to leaked plans from the Tory manifesto. That means private renters will have the right to buy their own home after living there for five years.
This is a big move from the Conservatives, who have been scrambling around for a vote-winning policy that will help the thwarted first-time buyer, with Help to Buy loans, Rent to Buy, and the latest Help to Buy ISA. But this policy - a reboot of the popular sell-off of council homes in the 80s - actually takes on the landlords.Read more
As Parliament dissolves today and purdah begins, we’ve taken a look at everything the Government has, and hasn’t, done for renters.Read more
The latest House Price Index was released today and once again shows how first time buyers are being screwed over by the market.
House price inflation was up over this time last year, by 8.4%, although it was slightly down from last month (by a tiny 0.2%). One of the real worries is that for first time buyers, prices were 9.7% higher on average this January compared to last January – and 0.7% up on the month.Read more
Amid the fanfare of the Help to Buy ISA in last week's Budget, the Chancellor made another, quieter move to help renters. George Osborne pledged to legislate to stop tenants automatically being banned in their contracts from sub-letting space in their home on a short-term basis.
This move follows changes in the Deregulation Bill to allow Londoners to rent out their homes for short periods without needing planning permission - previously anyone in the capital advertising holiday lets on sites such as Airbnb was breaking the law.Read more