New research from the Council of Mortgage Lenders (CML) shows that homeownership has changed markedly in recent years.

The organisation has published a study, revealing that many people dip in and out of homeownership, own more than one property and live as landlords and tenants at the same time.

According to the study, around 15 per cent of renters have owned a property at some point in their lives.

The last decade has seen second homeownership increase by around 30 per cent, while 10 per cent own a property that is not their current home.

Further to this, the CML highlighted a significant rise in the number of people who let out a property while renting elsewhere.

The idea behind this is that they cannot afford to buy near to where they work so they buy elsewhere and act as a landlord in order to get a foot on the property ladder.

"Given the considerable complexities of modern life and the increasing interactions across the tenures, perhaps it is time for the government to develop a more holistic approach to housing market issues," said CML economist Paul Samter.

"A good starting point would be to focus on policies delivering an adequate supply of high-quality housing, assisting the mobility of households within and between tenures and an equality of treatment for those in need regardless of their tenure," he added.