Source: MPA Mag —
With the housing market enduring a period of turmoil, along with the expiration of Help to Buy, there is now a conversation to be had on what the government might do to help stabilise or support the market.
When it comes to any potential new government schemes for the mortgage industry, Jeff Knight (pictured), director of Grey Matter Marketing Solutions, said he has three wishes.
Knight wants the broker community to be represented as part of any consultation process, for the government to consider where the greatest need is within the market, and to ensure that solving one problem does not create another.
“With regard to the second point, I would suggest that two key needs are around first-time buyers and energy efficiency,” he added.
Government support for first-time buyers
For first-time buyers, Knight said the value that Help to Buy brought was obvious, however there is a need to look at the bigger picture now.
“I actually believe that there needs to be some form of incentive scheme for house builders to create more affordable housing, and communities, for first-time buyers,” he said.
