John Heron, chairman of the Intermediary Mortgage Lenders Association, spoke of the challenges which lay ahead at the annual IMLA dinner in London last night.
He said: “We must play our part in reinvigorating growth, in providing solutions that help hard pressed consumers to realise their ambition of home ownership and provide a greater supply of better quality homes in the private rented sector for those who cannot or do not want to buy.”
Heron added that to realise a more inclusive and balanced housing market the mortgage industry must help policy makers and regulators identify solutions for borrowers with complex needs like first-time-buyers.
IMLA’s successes this year include the re-launch of IMLA Research, used to explain to government what the developments are in the markets, what challenges it faces and what the future may look like.
