Money Box
Summary
A report from the Work and Pensions Committee urges urgent help for low-income people in their sixties who face delays in claiming the State Pension as the pension age rises from 66 to 67. The government plans to introduce legal rules to stop a housing practice called gazundering, where buyers force sellers to lower prices at the last minute. Also, a promised grant for installing dual heating and air conditioning systems has not yet started.Key Facts
- The State Pension age will increase from 66 to 67 over the next two years.
- People affected by this delay could face financial hardship unless benefit rules change.
- In February, only 0.02% of Universal Credit claimants were aged 65 or 66.
- Gazundering is when buyers ask sellers to lower home prices just before finalizing a sale.
- The Conveyancing Association wants the government to stop gazundering quickly.
- The government plans legally binding agreements and fines to prevent last-minute buyer withdrawals without good reason.
- A government grant to install heating systems that also provide air conditioning was announced in November but is not yet available.
- The information comes from a Radio 4 Money Box episode broadcast on July 18, 2026.
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