It’s widely acknowledged the UK housing market is broken. Even the government recognises that it needs to be repaired.So, in this episode we share our ideas of how things could be improved. We talk about the legal system, stamp duty and what the government can and should be doing to not only stop making things work, but actually start to fix it.
We also examine two news stories that closely relate to the ideas we talk about in this episode. First is a report about plans to reduce the huge costs of buying a freehold: this bold idea could be a game changer, but as usual there’ll be strong opposition. The second story investigates why housing transactions have slumped. It seems equity release is on the rise. Does this mean more people are simply staying put?
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