You are here: Home - News -

Trade bodies united on need for cross-party approach to housing

by:
  • 14/06/2017
  • 0
Trade bodies united on need for cross-party approach to housing
A host of mortgage trade bodies have called on the government to adopt a cross-party approach to tackling the housing crisis, following the appointment of the latest housing minister.

Alok Sharma was named the new housing minister this week, becoming the 14th person to take on the brief since 2000. Sharma succeeded Gavin Barwell who lost his seat in the general election and has since taken up a role as Prime Minister Theresa May’s chief of staff.

Peter Williams, executive director of the Intermediary Mortgage Lender’s Association (IMLA), noted that the chronic shortage of housebuilding and the need for a “joined-up policy” across all housing tenures were recurring challenges that have faced every new housing minister and administration for years.

He continued: “With talk turning to the need for cross-party agreement and a common approach to negotiating Brexit, it would surely make sense to adopt a similar consensual, non-partisan approach to determining housing policy to put the UK property market on a more stable footing for the long term.”

Paul Broadhead, head of mortgage policy at the Building Societies Association (BSA) said that he looked forward to working with Sharma over the coming Parliament, and highlighted that the appointment of a new housing minister on this occasion could not be avoided.

He added: “In March 2015 the BSA published a housing manifesto which called both for the housing minister to be a cabinet level position and for the delivery of a cross party 15-year plan for housing. We still see this as the most productive way forward.”  

Robert Sinclair, chief executive of the Association of Mortgage Intermediaries (AMI), said the permanent team at the Department for Communities and Local Government must be as frustrated as the rest of the industry at having to continually induct new ministers.

He continued: “AMI remains concerned that the Housing White Paper missed a trick or two, but is realistic that Brexit and political instability will deflect focus from the housing agenda.

“Accordingly, the idea of trying to get cross party consensus on actions on housing might be a great place to start. As well as getting the industry in a room to chart the plan, all parties’ housing specialists should be there.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
May’s election shock exacerbated mortgage market worries – Bamford

When 2017 finally draws to a close I wonder what view we will have on the calling of the General...

Close