The UK housing market has been a hot topic of debate for many years, with various policies being implemented in an effort to make the market more accessible and affordable. However, the latest criticism from the Family Building Society has been particularly scathing, with the organisation labelling the current housing policy as “bonkers”.
The Family Building Society is a mutual organisation that provides mortgages and other financial services to its members. It has recently criticised the current UK housing policy, claiming that it does not do enough to help those who are struggling to get onto the property ladder. The Society’s Chief Executive, David Hollingworth, has argued that the current system is “not fit for purpose” and that it is “not helping those who need it most”.
The criticism comes at a time when the UK housing market is facing a number of challenges. House prices have been rising steadily for many years, making it increasingly difficult for first-time buyers to get onto the property ladder. In addition, the availability of affordable housing has been decreasing, with many people being unable to find suitable accommodation in their area.
The Family Building Society has called for a number of changes to be made to the current housing policy. It has suggested that the government should introduce measures to make it easier for first-time buyers to get onto the property ladder, such as increasing the availability of shared ownership schemes. It has also argued that more should be done to ensure that those who are struggling financially are able to access affordable housing.
The criticism from the Family Building Society has been echoed by other organisations in the housing sector. Many have argued that the current policy is not doing enough to help those who are struggling to get onto the property ladder, and that more needs to be done to ensure that everyone has access to affordable housing.
It remains to be seen whether the government will take action in response to the criticism from the Family Building Society and other organisations in the housing sector. However, it is clear that the current policy is not working and that more needs to be done to ensure that everyone has access to affordable housing.