Concerns over Government’s intervention in the mortgage market
30 April, 2013
The Chairman of the Council of Mortgage Lenders Nigel Terrington has highlighted concerns that the Government’s intervention in the mortgage market could amount to no more than throwing money in the wrong direction.
He is quoted as saying: “My concern is that as a country, we are throwing considerable monetary and credit easing at the problem.
“We have 300 year low interest rates, Government guarantees on high loan to value lending, frankly more schemes than we can recall and yet, in a year’s time, we could still find that we have simply been looking in the wrong place and throwing money in the wrong direction.
“And we have the awful example of Japan’s lost generation to warn us to get it right.”
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