Family Building Society calls for downsizing elderly to be exempt from stamp duty

The Family Building Society (FBS) has called for elderly people looking to downsize their properties to be exempt from stamp duty land tax, in a move to support first-time buyers and families onto the housing ladder.

CNBC - Why it's so hard to buy a home in London 11042022

The number of 20 to 34 year olds living with their parents in the U.K. has risen by 49% since the turn of the century, data from the country’s Office of National Statistics shows. Rising house prices, high rents and low salaries are to blame, according to Michael Edwards, a University College London lecturer and expert on the relationship between property markets and planning. These factors prevent young people from getting on the property ladder. So why are London houses so expensive?