Abstract
The nurnose of this study is to find the housine market model which will enable not well-off households to buy their homes and sustain their home ownershin. Not only the affordability of homes is the key noint of this model. but also the availability of housing finance for not well-off and risk-averse households. Among the developed countries, the United Kingdom is one of the countries which have achieved the large proportion of homeowners buying with mortgages among not well-off households, through the mortgage market of which high degree completeness is established in the United Kingdom. In this study, analytical approach specified what sustain the affordability of homes and availability of housing fi nance in the United Kingdom market-the turnovers within homeowners sector which facilitate the supply of affordable homes and mortgage debts with high loan to value ratio, risk treatment and safety nets such as ISMI and MPPI, and “good regulation” to maintain market confidence.
