“The new housing minister comes into the role at a time when the government has a huge task to tackle in solving the housing crisis.
“The chronic shortage of housebuilding and the need for a joined-up policy across all housing tenures are recurring challenges that have faced every new housing minister for longer than most people care to remember.
“Now more than ever we need stability. Unfortunately, the British public have not been afforded the continuity our ailing housing market so sorely needs – the role of housing minister has changed hands eight times since the Conservatives took power in 2010, and 17 times since 2000.
“In comparison, the average homeowner is moving just once in more than 19 years, according to our recent white paper, The New ‘Normal’ – prospects for 2018. This means the role of housing minister changes hands more than 20 times faster than the average UK home.
“The time has come to deliver on the proposals set out in February 2017 in the Government’s paper Fixing out Broken Housing Market: We look forward to working with Kit Malthouse and hope he enjoys a long tenure in his crucial role.”
Notes to Editors
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 43 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).