Mortgage guarantee meeting

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The guarantees for new mortgage lending is a good way to kick start a market that has been stationery for some time now, hopefully this will increase lending and stabilise the property market for the time being, or at least stop further reductions in home values.

Mortgage guarantee meeting

The meeting at the prime minister’s Buckinghamshire country residence Chequers is thought to have looked at bringing government guarantees for new mortgage lending into force.

The proposals were first put forward in a report commissioned by the government by Sir James Crosby, the former chief executive of HBOS.