Housing policy is too concentrated on first-time buyers and should be refocused towards ‘last-time buyers’ to encourage those aged 55+ to downsize, according to a new report for the Centre for the Study of Financial Innovation (CSFI).

The report, by Professor Les Mayhew, of Cass Business School, also highlights the role of the financial services industry in expanding mortgage offerings and insurance policies to enable older people to monetise their housing wealth. This would not only help them fund retirement but also cover the rising cost of care.

Publisher: CSFI
Published Date: 2019
Author: Les Mayhew
Length: 52pp

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