CML plans for future market, urges end to repossessions

Such change would result in "flexible tenure"”, blurring the line between owning and renting, Gunther says. It would help more people onto the property ladder for “nesting” rather than “investing”, and help the government save money currently paid as subsidies to the rented sector. ”Why should any lender have to repossess a home in the future, if there is an alternative to move a borrower in difficulties on to a part-ownership status,” Gunther says. Low-cost home ownership must become a key goal of government policy in the wake of the Barker Review, which only studied supply side i...