The reform will see ministers changing the definition of affordable housing to include starter homes as well as properties for rent.
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Christopher Woolard, director of strategy and competition at the FCA, said: “Competition can play a key role in ensuring that the sector works well, delivering consumer benefits through lower prices, better customer service, and more product choice”.
It’s the final day of the Conservative conference in Manchester, and David Cameron closes it with his keynote speech.
In his speech to his party’s annual conference, he will define his leadership as overseeing “the turnaround decade” and will reach out to the many younger Britons forced to live with their parents because they can not afford to buy their own home. We’ve proved it in our schools across our country; that the poorest children don’t have to get the worst results, they can get the best.
The homes would not be means-tested, but property values would be capped at £450,000 in London and £250,000 elsewhere.
The Prime Minister again claimed the centre ground, saying the Conservatives were the true party of working people and that Labour lost the election because “they didn’t understand the people who make up our country”.
Mr Cameron, 48, has said he would step down by 2020 after his second term as prime minister, and is increasingly interested in how he will be remembered.
“Over the next five years we will show that the deep problems in our society are not inevitable”, Cameron will say.
He will also say banks need to lend and the government needs to release land. “But in a few madrassas, we’ve got children being taught that they shouldn’t mix with people of other religions; being beaten; swallowing conspiracy theories about Jewish people”.
He said Tories should be proud of their journey as a “modern, compassionate, One Nation Conservative Party”, as he listed the women, children of immigrants and working-class MPs who now sit in the Cabinet and on the party’s benches in Westminster.
“For years politicians have talked about building “affordable homes” – but the phrase was deceptive”.
“If David Cameron prioritised building social housing instead, he would finally begin to fix the affordability crisis”.
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Mr Cameron aimed to position the Conservatives as the party of “compassion” and said he plans to improve social mobility as well as tackle “the scourge of poverty” in the country, while promoting more traditional Tory themes such as national pride and aspiration.
