Britain's obsession with home ownership.

Britain's obsession with home ownership is putting people's pension savings at risk to the tune of 15% a year.

People's desire to buy a home to get on or move up the housing ladder is hampering their long-term savings prospects, particularly when it comes to pensions, research claims.
Many see owning a home as a crucial part of their long-term investment plan, drawn in by prospects of cheap mortgage deals, zero capital gains tax on primary residences, increasing inheritance tax thresholds and, occasionally, subsidies to buy a home.But homeowners and specifically those who buy a home with a mortgage are increasingly viewing their home as a form of 'pension asset', at the expense of lower long-term savings in 'real economy assets', a report by the National Institute of Economic and Social Research claims. 
The findings suggest that people who buy a home with a mortgage end up with lower private pension incomes than those who do not. In total, homeowners with a mortgage can expect their private pension income to be around 15 percent or £390 lower a year than it should be.