The Intermediary Mortgage Lenders Association says the lack of a joined-up approach on housing policy between Government departments and the FSA must be addressed.
It has urged the Government and the FSA to take a single stance on housing policy and to recognise the importance of the sector to the UK economy.
Speaking at the Imla executive briefing in conjunction with Money Marketing, executive director Peter Williams (pictured) said: “We do not have a joined-up agenda across the Government and the regulator about what the housing market should look like, what its scale should be and what the level of growth should be. It sends the market confusing signals.”
Housing minister Grant Shapps has been criticised for being out of touch with the housing market after a number of speeches promoting ideas such as “mates mortgages” and 30-year fixed rates.
Imla chairman John Heron said: “If anything strikes you at all as a result of Grant Shapps’ piecemeal announcements is the lack of coordination on housing policy. What you want to see is strategic thinking, analysis and what that means for policy across the board.”
Home Funding chief executive Tony Ward said the Government should recognise the importance of the housing market to the UK economy.
He said: “Housing transactions and the mortgage market have driven the economy for a number of years. It is up to the Government to take the lead on this.”