23
Apr
Key to housing market 'is improving mortgage liquidity'
The way to aid the UK's property market is to make it easier for
consumers to secure home loans.
This is according to Brian Berry, director of external affairs at
the Federation of Master Builders (FMB), who said that this would
mean more people would be able to purchase homes.
He remarked: "The key to actually getting the housing market going
is to improve mortgage liquidity."
Until this happens, there will be no radical changes in the
fortunes of the industry, he went on to suggest.
He also noted that the FMB opposes plans recently announced by the
Liberal Democrats in the party's pre-election manifesto.
They revealed that, if they come to power following the upcoming
general election, they would "equalise VAT on new-build and
repairs", meaning that all new properties will be charged the
levy.
According to Mr Berry, it is not a good time to implement such
measures.
