So much has been written about the plight of first-time buyers, but what about movers?
Today’s issue of CML News & Views looks at the particular challenges they face, and how their capacity to move up the housing ladder has been squeezed by a combination declining levels of real income and confidence, reduced levels of equity and higher transactions costs.
Helpfully, today’s announcement by the housing minister of a scheme to ease the sale of new-build property is open to movers, as well as first-time buyers.
Today, we also set out the case for paying support for mortgage interest at the rate actually paid by borrowers. It would be better for those receiving the benefit – and could help the government save money.
Finally, we are delighted to welcome three recently joining members of the CML – and a new associate.
To see all the stories in full, go to the latest issue of CML News & Views.More Articles by Council of Mortgage Lenders (CML) ...