The Labour Party’s Independent Review of Retirement Income (IRRI) has suggested that workers should be aiming to save 15% of their salary into the pension each month, according to a BBC report.
The other week, in an FT piece that went viral, Rebecca Taylor, director at the Chartered Institute for Securities and Investments, said that 25-year-olds should be aiming to pay an average of £800 a month into their pension for the next forty years. Now this is an average: less now can be balanced out by paying more later. But the message is clear: start now.Read more
In an effort to increase transparency and help Irish voters make an informed decision in tomorrow's general election, we have contacted all election candidates and asked them to say where they stand on a range of issues, including rent control. All candidates’ answers (or the answers provided by their party in some cases) are publicly available on the website www.whichcandidate.ie. Voters can also answer the questions and see which candidates they agree with in their constituency.
We asked candidates whether there should be tighter controls on rent, and candidates are almost evenly split on this question. 43% (188 candidates) said that rent increases should be capped in line with inflation; while 44% (193 candidates) said that current controls on rent were adequate. (The remaining 13% of candidates were either opposed to any controls on rent, or selected none of these options.)Read more
The Renting Homes Act for Wales passed through the Assembly at the end of 2015, but the end result was quite different from the initial Bill.
The Welsh Assembly has 60 Assembly Members (AMs) but the Welsh Labour Government only holds 30 of those seats. That means that every Bill has to have approval from one of the opposition parties – Plaid or the Lib Dems– or it won’t go through.Read more
This is a guest post from Joanna White of Property Principles. To write for our blog, please contact us.
Moving house is stressful enough - finding a suitable flat, packing up your things, trying to avoid paying double rent for too long. And then there's the question of whether you'll get your deposit back.
According to the Tenancy Deposit Service, 56 per cent of deposit disputes are about cleaning. Many of these end with tenants losing all or most of their deposit. It’s in everyone’s interests to reduce the number of cleaning disputes. Here are my tips for avoiding disagreements when you hand over your keys:Read more
A blog from guest writer Zeph Auerbach asks - how much personal responsibility do we have for the housing crisis?
Now that the election is over, and Eurovision is a distant memory, London turns back to its favourite moan: the housing crisis. I frequently share this moan with my mixed group of friends: some renters, some homeowners, some letting out the odd room or flat. This conversation always seems to have an 'in it together' atmosphere, as we berate the property speculators, the oligarchs with vacant mansions, and most of all our government, which clearly sees its role as sustaining the rise in house prices (Help to Buy, pension reforms, reductions in stamp duty and so on).
But we ignore the elephant in the over-valued and under-sized room. This is an elephant which you'd see, if you looked hard enough, lurking in the corner of almost every Independent or Guardian article decrying the housing crisis. The elephant in the room is simply this: we find ourselves on opposing sides of this ‘crisis’ and for some of us this ‘crisis’ is something we profit from and sustain.Read more
Our friends at Kensington and Chelsea Social Council are undertaking a project to look at the issues affecting private tenants in the borough - particularly in the clear lack of affordable housing in the private sector. Part of this is an online survey that they're asking all private renters in the area to complete.
In the run-up to the London Mayoral elections, work like this is vital to help support renters across the capital and make sure no one is priced out of London - wherever they live or work.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
Labour has carefully crafted an identity this election as the party of housing. But if you look at the details, what they’re proposing is terrifying for the average person.
By Lindsey Garrett of the New Era EstateRead more
Our friends at Splittable have launched a new free tool for renters – CEO Nick Katz explainsRead more
Richard Kay is Communications Manager at the Energy Saving Trust, an organisation helping householders, governments, businesses and organisations save energy every day.
Tenants find it harder to heat their homes than owner occupiers and are the most concerned about their energy bills, according to research from the Energy Saving Trust.
Living in a home that is easy-to-heat, and free of damp and mould should be a basic right, yet it is estimated that there are 400,000 privately rented homes in England with an F or G energy performance rating – almost the same number of households in Birmingham. As winter approaches Caroline Flint’s declaration of war on cold homes couldn’t be more welcome.
Last week we revealed that many private renters are living in damp, cold and mouldy properties, with no expectation their landlord will pay for home improvements after our public opinion tracker UK Pulse also finding that renters are more concerned about their energy bills compared to owner occupiers. In light of these findings, we are urging landlords to look at ways they can improve the EPC rating of their properties.Read more