The Building Societies Association (BSA) has called on the Government to support the buy-to-let sector in its response to the Housing Green Paper.
The report notes the buy-to-let market now accounts for around 10% of the mortgage market.It states: “[Buy to let] plays an important role in increasing the range of tenures available, and plays a particularly important role in housing young professionals unable to afford to buy but also unable to access social housing provision. As such we believe that Government should seek to support the buy to let sector and allow it to prosper.”
The Council of Mortgage Lenders has also published its response, urging the Government to simplify the current range of “confusing” low-cost home-ownership schemes.
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