Call for Government to introduce lending targets

I wholly support the call by Financial Services Director Nigel Stockton from Countrywide, urging the Government to introduce mortgage lending targets.  He said “Since November last year lenders have been closely monitoring their sales volume by imposing stricter lending criteria and new restrictions on lending.  We would speculate that the continued issues with the Eurozone leading to increased wholesale funding or other liquidity issues are all playing a role in preventing the banks from lending.”  This certainly follows trends that I have reported and I would welcome the Government introducing lender targets which would be of great benefit to the housing market. 

Lindsay Darroch
Partner and Head of Property

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s