£100bn will kick start the mortgage market

Story link: £100bn will kick start the mortgage market

The mortgage market has been in a huge downward trend for some time now, but its not just about guaranteeing bonds, lenders need to pass on the latest interest rate cuts to the consumer, as well as freeing up the lending criteria, that’s what will kick start the market again.

£100bn will kick start the mortgage market

ALISTAIR Darling is set to back a £100bn gamble with taxpayers’ cash in a desperate bid to kick-start the struggling mortgage market.
The Chancellor’s plan involves effectively underwriting the majority of new mortgages in the UK to encourage big investors to give badly needed money to lending banks.