View more on these topics

Private rentals can fill the housing gap

I read with interest a report by the National Housing Federation which called on the government to take action against the housing market crisis.


The NHF is concerned about the effect the undersupply of homes is having on communities. Housing supply is a fundamental problem that can only be overcome if there is a comprehensive and co-ordinated approach to policy.

Home ownership gives people a fixed place in a community and stability. But we must face the reality that it is less accessible now. There is less mortgage finance available and the economy is still not as strong as it could be.

Lifestyles are changing too. No longer is it the overarching objective of younger generations to become a home owner. They choose to rent so they have the flexibility to relocate and concentrate on the career ladder.

The private rented sector has an important part to play in this and there is a challenge to provide suitable housing for a wider section of the population. We as lenders are ready to meet that challenge and landlords are catching up.

So while I agree housing supply needs to be addressed urgently, the private rented sector can provide quality housing to meet a variety of needs.


Simon Collis

News on rates has been generally good

Good news from Halifax its product transfer and further advance booking system is back. This is useful as for some existing clients it’s worthwhile to stay.

Fitch confirms rating of RMBS from sub-prime lenders

Fitch Ratings has affirmed the rating of a residential mortgage-backed security originated by Advantage Home Loans, Amber, GMAC-RFC and Victoria Mortgage Funding due to its stable arrears levels. Fitch says the affirmation of ResLoC UK 2007-1’s rating is a reflection of the relatively stable performance of the non-conforming RMBS’ underlying assets in the past year, […]


Improving health and wellbeing through pensions auto-enrolment

As the auto-enrolment revolution is rolled out to companies with between 50 and 249 people, employers will be grappling with the new rules and requirements. Even though introducing the new regime can be time consuming, many employers are regarding it as an opportunity to review their benefits packages, with employee health and wellbeing regarded as a popular addition.


News and expert analysis straight to your inbox

Sign up