Property raffle: Your guide to winning a house | Property | Life & Style

Property raffles began as an alternative way for homeowners who could not sell their property in a slowing market to raise the cash they needed to move on. For entrants, a home is a tempting prize with tickets ranging from as little as £2 to £40 in some cases. Many will be instinctively suspicious and the Gambling Commission and local councils have shut down around a dozen raffles after property owners failed to comply with regulations. However, they keep coming, so should you try your luck? GAMBLE A row of…

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Five minute guide to….Problems facing older homebuyers | Property | Life & Style

Both problems have been aggravated by the worsening housing shortage, which is affecting every rung of the ladder. Many older homeowners feel trapped in properties that are no longer suitable for them, either because they are too big, too expensive to run or too difficult to maintain. Yet more than three million last-time buyers aged 55 and over are sitting on an incredible £938 billion of residential property, a figure that is set to pass £1 trillion this year, according to research from insurer Legal & General and economics consultancy…

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