Industries join in recommending downsizing as one of the most important solutions to the growing housing crisis.
13 July 2015
McCarthy & Stone and Legal & General join in recommending downsizing as one of the most important solutions to the growing housing crisis.
Clive Fenton, CEO of the country’s largest retirement housebuilder McCarthy & Stone has commented on the Legal & General website about raising awareness of the need to provide more and better housing solutions for older people who want to downsize in later life.
Clive said, “The housing crisis is one of the most pressing issues we are facing. According to estimates, the UK will have to build around 250,000 new homes a year to keep pace with demand, which far outweighs the current annual rate of 141,000 new houses. As the country searches for a solution, we strongly echo Legal & General's call for more focus on elderly homeowners as a crucial piece in this supply puzzle”.
Legal & General have long championed issues arising from the changing face of the financial landscape and the UK’s aging population
Please click here to see the full article and other related blog posts on the Legal & General website.
For an independent view, please visit the Which website, which offers advice and information on the options available in downsizing.