Lenders already lend across the whole range of housing tenures, and we will work constructively to help deliver finance to support new supply. As always, the detail matters. If there are any barriers to effective delivery of these new homes, we will seek to help government identify how to tackle them.
Additional stamp duty on buy-to-let transactions comes hot on the heels of the forthcoming tax changes to landlords already announced. Government will need to keep a careful eye on the cumulative effects; with the private rented sector housing around a fifth of the population, we do need to avoid unintended consequences.
We were pleased to note the government's welcome for the work which we have been undertaking with Which? on mortgage cost transparency.
