Call for mortgage market support - Mortgages - News - Moneyfacts


Call for mortgage market support

Call for mortgage market support

Category: Mortgages

Updated: 12/05/2009
First Published: 12/05/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The Government has been urged to introduce a raft of measures to help consumers get on the property ladder.

In order to help create a more buoyant mortgage market, the Association of Mortgage Intermediaries wants to see the re-invention of mortgage indemnity guarantee and the abolition of stamp duty land tax.

It also calls for the introduction of a tax free savings account run by National Savings and Investments to help those saving for a deposit, and the abolition of home information packs.

"The mortgage market requires a concerted effort by the Government to enable lenders to lend and borrowers to borrow," said Robert Sinclair, director of the AMI. "Without this intervention, we risk losing the confidence of a whole set of people who will be denied the benefits enjoyed by previous generations."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.

Fee-free mortgages on the rise

Mortgage rates may be at record lows, but for some people, the extra costs associated can make switching deals a financial impossibility. It’ll come as welcome news, then, that the number of fee-free deals has more than doubled over the past year!