Published: 18th Sep 2017

Government and employers should contribute to house deposit-saving schemes to help young people get on the property ladder, a think tank has urged. The call is one of a number of measures contained in the interim findings of a new report, Disrupting the Housing Market, which will be published by Localis next month. In the report, the think tank calls for auto-enrolment pension schemes to be extended to give employers the option of contributing to a Lifetime ISA in order to help people save for a deposit. The report states employers should be expected to make contributions equal to 3% of the employee’s salary and the government should also continue to match 25% of employee contributions. According to YouGov polling carried out for the forthcoming report, 58% of people who do not already own their home are saving nothing at all each month for a deposit to buy somewhere in … (To read the full article, subscribe below)