“We are greatly concerned about misleading reports of comments from our Great Mortgage Debate yesterday, which were in context of a broad discussion about the UK’s housing supply issue and the need for a joined-up strategy across all ages and tenures.
“The aim was to raise important questions that must be considered about the types of support needed at both ends of the property ladder, including schemes like rent-to-buy and options for ‘last time buyers’—that is, people who want to think about downsizing in later life but who are often put off by a lack of suitable properties and the costs involved. It is vital these questions are addressed in the round, so that—as well as building more homes—the UK builds the right kind of homes to support the whole population.
“Today’s Daily Mail report both trivialised and sensationalised comments made by members of the panel and that is regrettable. Public debate about housing issues is important and the Daily Mail should aim to contribute to that rather more constructively than by running scare stories and offering misleading reports of what was said.”
For further information please contact:
Andy Lane, Instinctif Partners
Tel: 0207 427 1422 / 07904 712047 29 / twc.imla@instinctif.com
Notes to Editors
About IMLA
The Intermediary Mortgage Lenders Association (IMLA) is the trade association that represents mortgage lenders who lend to UK consumers and businesses via the broker channel. Its membership of 52 banks, building societies and specialist lenders include 18 of the 20 largest UK mortgage lenders (measured by gross lending) and account for about 90% of mortgage lending (91.6% of balances and 92.8% of gross lending).
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