What are your home-owning/renting plans in retirement?

bigadaj

walletmoths wrote: »

Well, I've read about the news release about last Chancellor's letter to the FSA about mortgage prisoners, and now that Brexit has come along, I was wondering if they'll change the EU rules that were put in place to stop many existing mortgage customers moving cheaper or even getting a better deal with their current mortgage.

So, I've asked my MP what the plans are now, and if I actually do have any rights to demand that my current lender let me downsize. I'll let you all know what he says. (He's usually pretty good at replying).

I too, wonder what those who will never be able to buy a place will do in retirement if they all have to continue renting. I wonder if we'll all go back a generation-or-so and be living in a country full of rentals - like in Germany, maybe?

Obsession with housing is a fairly uniquely British oddity, most other countries around the world allow prices to fluctuate whereas in the uk any politician that allows house prices to fall won't be long in office.

Many thing are better in Germany, but their laws and rules on renting differ to the uk, longer term tenancies and controls on rent for example.