What Is The Actual Cost Of A Comfortable Retirement In The UK?

It's starting to look like homeownership won't protect you in retirement the way it used to.

The UK housing crisis is reshaping retirement plans for many future retirees. With homeownership increasingly out of reach for young adults, the impact on retirement savings and housing costs for UK retirees is significant. As homeownership among retirees drops, many will face higher housing costs in retirement. In this video, we delve into the UK housing market struggles, pension housing assumptions, and the growing challenges of housing affordability for UK retirees. Will future retirees be able to own homes?

0:00 – Homeownership and Retirement Security
0:19 – UK Retirement Cost Breakdown
0:53 – Decline in UK Homeownership
0:10 – Mortgage Debt In Retirement
0:40 – Retiring Without Mortgage-Free Housing
2:08 – House Prices vs Salaries in the UK
2:30 – Impact of Longer UK Mortgage Terms
2:54 – State Pension Age Increases
3:15 – Young People Can’t Get On The Property Ladder
3:35 – UK Housing Shortage Crisis
4:17 – Aging Population Reduces Housing Supply
4:42 – Struggles to Qualify for a UK Mortgage
6:12 – Right to Buy Reduces Housing Supply
7:18 – Debt-Free Retirement Financial Impact