A report out today is calling for urgent dialogue between government and industry on rebalancing the housing and mortgage markets, with the onus on government to:
- Develop an overarching housing strategy across all tenures that unites the current, disjointed initiatives
- Determine a long term vision for home ownership and the extent of its support for the nations ambitions in this area
- Offer an effective safety net for homeowners facing unexpected adverse changes in circumstance by reforming Support with Mortgage Interest (SMI) or developing public-private sector partnerships
- Encourage higher rates of home building to improve the balance of supply and demand
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A rather cloudy start for most, with rain spreading eastwards, clearing to brighter skies later in the day.