Nationwide BS  

Nationwide launches action groups to tackle housing crisis

For renters, the lender said “more must be done to reform the private rented sector to deliver better availability and affordability”.

It added: “More options need to be made available for renters, such as more social housing.”

But whilst some in the industry are keen to mend what they are calling the UK housing crisis, others are keen to emphasise the market’s robustness.

The Intermediary Mortgage Lenders Association (IMLA) released data yesterday (July 26) suggesting the housing and mortgage recovery from Covid-19 “will remain robust”.

One year ago, the IMLA predicted a rise in gross mortgage lending to £283bn. But now, it has revised this figure to £285bn - the highest level of mortgage lending since 2007.

ruby.hinchliffe@ft.com