First time buyer numbers in the UK remain 2.2 million
behind where they should be given demographic trends despite significant
government investment in home ownership, according to a new report. The report
from the Intermediary Mortgage Lenders Association (IMLS) suggests that it
means that current policy behind interventions in the housing market is missing
the mark but they are likely to remain priorities for any new government that
emerges in the post-Brexit political environment. The report finds that
government investment in home ownership, including through the 15 different Own
Your Own Home schemes currently on offer, is yet to have the desired upward
effect on home ownership levels. Read more on the Property Wire website.
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