The CML welcomes the publication of today's housing white paper,
and looks forward to working with the government on measures
seeking to increase the availability, affordability and
choice of homes across different tenures.
- In the owner-occupied sector, the CML stands ready to help
the government deliver a more targeted starter homes
scheme, intended to assist aspiring young owner-occupiers in
overcoming some of the challenges of housing affordability.
It also welcomes the government's support for developing shared
ownership.
- In the rental sector, the CML acknowledges the government's
aspirations to make more longer-term tenancies available to
provide stability for families. In recent times, lenders have
shown an increasing appetite to advance mortgages to landlords
who want to offer longer tenancies, and the CML is keen to assist
the government as it works towards a market in which those
renting can find a tenancy suited to their needs.
- The CML also welcomes the government's desire to
encourage the development of modern methods of construction as a
means of increasing housing supply and making homes more
affordable. The lending industry is ready to help the
construction sector to draw on technological developments to
build homes that are durable and mortgageable in the long term.
Commenting on the white paper, CML director general Paul
Smee said:
“Lenders already contribute to the funding of private and social
rented housing, as well as owner-occupation, so we welcome
and are comfortable with the cross-tenure approach in
today's white paper. We are now ready to work with the
government, and with members and others, on the detailed
implementation of these proposals. We want to play our part
in developing a coherent, long term plan to deliver more
housing and help ensure that it is durable, affordable and in the
locations and tenures that people want.”
