The announcement of the 95% mortgage in this week’s budget may have initially sounded like good news for those in “generation rent” who have struggled for years to get onto the housing ladder. However, Lizzie Simpson, IF Researcher, explains why this policy is likely to make homeownership increasingly unachievable for young people in the longer… Read more »
Tag: mortgage
Homeownership denied: an intergenerational injustice
There is real concern that the younger generation will have a lower standard of living than their parents – which violates a key principle of intergenerational fairness. One issue at the centre of this concern is housing. IF supporter Rosie Neville sees it from her perspective and offers some solutions
What role does financial regulation play in intergenerational fairness?
The financial industry, and the way in which financial products are regulated, have big impacts on different generations, as David Kingman explains
The Bank of Mum and Dad is one of the top mortgage lenders – and so it should be
According to a new study by Legal & General, the Bank of Mum and Dad is “one of the biggest mortgage lenders” in the UK. This finding has renewed concerns over whether parents will have adequate living standards in retirement. Melissa Bui, IF Junior Researcher, explains why, with the exception of poorer “lenders”, these types… Read more »
How will raising interest rates affect Millennials?
David Kingman looks at how interest rates have different effects on different age groups