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Call for mortgage market support

Call for mortgage market support

Category: Mortgages

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

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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."

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