CML welcomes announcement on funding for affordable housing

January 9, 2017

The Council of Mortgage Lenders (CML) last week welcomed the announcement by the Communities Secretary Sajid Javid on funding for affordable housing, and the government’s commitment to widen the tenure choices for people who cannot afford to buy a home outright.

Commenting on today’s announcement, CML director general Paul Smee said: “Today’s announcement can deliver the tenure flexibility that providers of social housing have been calling for, and which will help address the housing affordability challenges faced by many people today.  Our recent research reinforces the argument that shared ownership, for example, is the only means of buying for some would-be home-owners.

“As ever, the CML stands ready to help develop schemes that lenders can support.  In pushing forward with its plans, the government needs to strike the right balance between widening tenure options and introducing schemes that are workable for lenders and avoid unnecessary complexity.  We  look forward to seeing more details in the forthcoming housing white paper, and to working with the government in addressing the UK’s housing challenges.”

Read the CML news release published 5th January in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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