Proposal to Allocate Renters’ Council Tax for Home Deposits
Calls for Fairer Council Tax Systems
According to iNews, a new report suggests using some of the renters’ council tax to help them save for a home deposit. This council tax could help more people buy homes, especially as fewer first-time buyers can afford homes in the UK. The council tax report also suggests changing how council tax is calculated so it’s fairer for everyone.
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Challenges Persist in Housing Market as Efforts Focus on Facilitating Homeownership
Saving for a home deposit is hard for many people. High rents and house prices make it even harder. The renters’ council tax report also talks about giving insurance to people buying their first homes. This council tax could help banks feel safer about lending to them. But there are still problems in the housing market. A new law to protect renters is being delayed because of arguments in Parliament. House prices are increasing making it hard to know what’s happening. Despite these challenges experts and policymakers are working to make buying a home easier for more people.