“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 unites 39 banks, building societies and specialist lenders, including 17 of the top 20 UK mortgage lenders responsible for more than £200 billion of annual lending.
IMLA provides a unique, democratic forum where intermediary lenders can work together with industry, regulators and government on initiatives to support a stable and inclusive mortgage market. Originally founded in 1988, IMLA has close working relationships with key stakeholders including the Association of Mortgage Intermediaries (AMI), UK Finance and the Financial Conduct Authority (FCA).