Taking a more coherent and long-term view of the housing market would improve the lot of both homeowners and tenants, if politicians could be persuaded to do so, the Council of Mortgage Lenders says.
Publishing its proposals ahead of the Budget next week, the CML says changing fiscal policy now would make the housing market more flexible enable make the market more responsive to future changing demands.
A priority for the CML is recognition that home ownership is the "most cost-effective tenure in the UK".
It wants more grants to be handed out to support low-cost ownership, and more flexibility to enable people to move down as well as up the property ladder "as circumstances allow".
And it wants reform of existing subsidy systems to further remove inequalities between tenants and owners.
This will require cross-party support over the long-term to be fully successful, the CML adds.IFAonline
'We have better oversight'
50th anniversary of moon landing
Technical and behavioural factors
The Value Perspective