CML news & views

Issue no. 21 - 27 October 2009

Today, we examine the decline in the number of first-time buyers and how quickly they could return to the housing market as the recovery takes shape. Will the restoration in first-time buyer numbers follow a similar pattern to the last downturn? Is there evidence of a long-term change in home-ownership aspirations or access to mortgage credit for young buyers?

In this issue

How quickly will first-time buyers return to the market?
CML supports measures to protect ‘unauthorised tenants’
Local authorities must stick to standard section 106 agreements
CML recruits new member and associate

How quickly will first-time buyers return to the market?

Will the combination of an eventual fall in unemployment, slow economic recovery and a gradual improvement in the availability of mortgages contribute to a restoration of first-time buyer numbers? And, if so, how quickly will it happen?

CML supports measures to protect ‘unauthorised tenants’

The CML is supporting measures to give tenants whose landlords face possession, after letting out a property without the lender’s permission, up to two months to vacate the property after the lender takes possession of it.