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29 April 2016
Almost a year into this Government and we already have an indication of where housing policy is heading over the rest of this Parliament. The Government has the laudable aim of reversing the tide of declining home ownership and all their policies are geared towards achieving this.
Over recent weeks and months building societies have been publishing their financial results for 2015. The overall picture is one of strength, with robust profitability helping societies to bolster their capital positions, enabling them to continue to grow their share of mortgage lending.
A recent report from management consultancy Oliver Wyman on modular financial services included a two-page comic book depicting what buying a house in the future might look like. The comic depicts a woman walking into an estate agency looking for a one-bedroom flat. A property fitting her criteria is available and she views it through a virtual reality (VR) headset. She agrees to buy it and immediately gets a breakdown of her financial situation.