Tuesday, May 31, 2011
Why not take away the House Price prop?
"Banks are in talks with housebuilders to find ways of helping homebuyers overcome tight lending conditions to get a foothold on the property ladder, the Council of Mortgage Lenders said on Tuesday". "...One way that housebuilders can help to ease the flow of lending is by injecting equity into a fund, which can be used as a guarantee for mortgages and would reduce the amount of cash deposit that must be put down by the homebuyer". (thoughts anyone?).