CML research revealed that a significant proportion of first-time buyers had already had their foot on the housing ladder and were in fact 'returners' to the housing market.
Indeed 15 per cent of people moving into private rented accommodation in 2005/06 were found to have been homeowners in the past.
In response to this information, the CML believes that a 'more holistic approach' should be developed by policymakers to realise that those getting on the housing ladder will perhaps choose to get off it again at some point in the future.
CML economist, Paul Samter, explained the thinking behind his suggestion: "A good starting point would be to focus on policies delivering an adequate supply of high-quality housing, assisting the mobility of households within and between tenures and an equality of treatment for those in need regardless of their tenure."
Further to these findings, the report also highlighted that around 10 per cent of people own a property that is not their current home, however this is not necessarily made up of buy-to-let landlords and second home owners.
A new trend is emerging for younger people who cannot afford to buy a property where they work to buy in a cheaper area and then let the premises out to generate funds, ultimately to help them buy a property of their own.
