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CML welcomes Treasury confirmation on lending commitment

14 October, 2008

The CML welcomes the Treasury's confirmation and clarification that the nature of the commitment to restoring flows of lending to the market is in line with the CML's expectations...

...namely an aspiration to achieving a broad, deep mortgage market in general with a good spread of products enabling access to the mortgage market for all credit-worthy borrowers.The CML wholeheartedly supports this objective and looks forward to working towards the restoration of more positive market conditions.

CML director general Michael Coogan reiterated: "Lenders have been working hard to continue to deliver a flow of competitive mortgages into the market, as well as to ensure that as many people as possible are able to keep their homes if they suffer temporary financial difficulties. These efforts will continue, and we look forward to working closely with Government to help deliver these objectives."


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