The Research On Current Legal System Of Building Society In The United Kingdom

Since the market economy was carried out in our country, the present domestic economy developed by leaps and bounds.The problem of housing shortage which brought by the increasing urban population has become an important problem to be solved. Under the planned economy system, they main through the welfare policy to solve the housing needs of residents, and in the operation of the market economy the domestic housing policies are beginning the corresponding reform. The main goal of the reform is to promote the achievement of housing commercialization and marketization gradually, and to adjust housing supply and demand balance through market rules. However, at present, our country’s fiscal capacity and the income level of resident is very limited, in the process of realizing the grand goal of "home ownership" the ability of our state and government is still unable to meet the needs of all residents of housing. In such cases, draw lessons from foreign successful experience, developing housing cooperatives, arousing the enthusiasm of the production of the masses, relying on the mass mutual cooperation together to create our own homeland can be regarded as a realistic way to solve the problem. This article selects the building society of UK as a typical case, by researching the legislative background of British legal system of building society, the content and characteristics of the current legal system of building society, thorough analysising the achievements of the UK building society system in solving the housing problems, and comparing with China’s existing housing problems and policy, economic environment, studying the feasibility of the development of building society in our country by the legal system reference of British building society and putting forward related SuggestionsThe first part introduce the legislative background of current Building Society Law of the UK, mainly contains Urban population’s increasing conflict fiscal austerity, timing adjustment of the national housing policy and long tradition of co-ism.The second part conclude the characteristics of the legal system of current building society of the UK, mainly contains the specific and reasonable value targets, complete system of organization and management, double dispute settlement mechanism, and reasonable supervision and restricting mechanism.The third part analysis the effect of the current Building Society Law. Mainly contains reduce the financial burden on government fiscal welfare, decrease the number of welfare funds, significant economic recovery situation, to ease the housing problems of the citizens slow growth in the total number of housing public housing policy into law track, public housing policy to be legalized, the implementation of public housing policy and Gradual improvement of housing conditionsThe forth part mainly introduce the Inspiration of the current UK legal system of building society, mainly contains the necessity to establish the "Building Society Law" in China, the current situation of domestic building society, the requires of constructing the legal community.And the Inspiration of UK housing cooperatives legal system to China,establish relevant systems,increase state support for building society and introduction of separate "Building Society Law".