24-08-2007
Confidence lacking in government housing policy
Mortgage intermediaries have a lack of confidence in the government's future housing-market policy, it has emerged.
According to the results of a study of its members, the Intermediary Mortgage Lenders Association (IMLA) found that 53 per cent confirmed a lack of confidence in the current government's policy in respect of housing.
"There is scepticism among lenders regarding the government's ambitions regarding affordable homes and support for the provision of long-term fixed-rate loans," said Peter Williams, executive director of the IMLA.
"Generally lenders believe that the market, and not the government, can best provide for people's housing needs," he added.
During the survey, confidence in the government's policy was expressed by 42 per cent of those responding to questions.
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