Best mortgage deal
Impartial-Independent-Mortgage Advice

Site Search:

Add to Favorites - Compare mortgage ratesMortgage Update Newsletter

0800 801079


Re mortgage quote, secured loan quote, commercial mortgage quote, cheap mortgage insurance quote, conveyancing quote Search mortgages

Call for Cameron to champion Tory mortgage policy reverse

Call for Cameron to champion Tory mortgage policy reverse
Conservative leader David Cameron should advocate the reversal of cuts in homeowner support first introduced by a Tory government in 1995, according to the Council of Mortgage Lenders (CML).

In the wake of Mr Cameron's comments yesterday (December 11th), calling on lenders to show understanding to homeowners nearing the end of their fixed term mortgages, the CML has asked the politician to support reversing the cut-backs to Income Support for Mortgage Interest made in 1995.

Following his meeting with Mr Cameron, CML director-general Michael Coogan sought to highlight the need for a benefits system to support homeowners whose circumstances might have changed.

"We were pleased to have an opportunity to brief the Conservative leaders in person at their request. They are rightly concerned to address the issue of how best to support home-owners who may face payment difficulties over the coming year."

"The main missing link at present is an appropriate benefits system targeted at those whose circumstances have changed, which has lagged behind what is needed to create a truly effective safety net in a market where home-ownership is the norm," he added.

Mr Coogan also called on the government to increase the availability of mortgage funds by introducing initiatives to re-open wholesale funding.ADNFCR-1237-ID-18391312-ADNFCR
 

Related Articles

BM Solutions launch new mortgage rates

In a surprise announcement last week, HBoS, the group which includes the Halifax and the Bank of Sco...
Published: 18-Aug-2008

HBoS close TMB

HBoS, the group which includes Halifax, Bank of Scotland and Birmingham Midshires, has today announc...
Published: 13-Aug-2008

New offset mortgage rates from Coventry

The Coventry Building Society has today announced the launch of two new offset mortgage rates. An of...
Published: 13-Aug-2008

New Mortgage Rates from Northern Rock

Northern Rock announced further reductions in some of their mortgage interest rates. The new rates b...
Published: 12-Aug-2008

Mortgage Market Slows

In a report released yesterday, the Council of Mortgage lenders has confirmed that the mortgage mark...
Published: 12-Aug-2008

Sign up for our eNewsletter

French, Spanish and overseas residential mortgages


Latest News:

Equity Release special offer annouced by Just Retirement
An announcement from Just Retirement indicates the introduction of a Special Offer availa...
Published: 19-Aug-2008

Sub Five per cent mortgage rate launched
The Mortgage Works has announced the launch of a two year fixed rate buy to let mortgage a...
Published: 19-Aug-2008

BM Solutions launch new mortgage rates
In a surprise announcement last week, HBoS, the group which includes the Halifax and the B...
Published: 18-Aug-2008

HBoS close TMB
HBoS, the group which includes Halifax, Bank of Scotland and Birmingham Midshires, has tod...
Published: 13-Aug-2008

Rss News Feeds

Mortgage News Feed

Best UK Mortgage Rates & Remortgage Rates