AMI in talks to bring foreign lenders to UK

It fears a possible reduction in the size of the wholesale lending market in the UK could lead to costs being passed on to consumers. One solution is to attract extra funding from lenders based abroad. Richard Farr, director of the AMI, says: "We need to seek out alternative sources of funding for the UK mortgage market. "That is why we have been in discussion with the Treasury, the Bank of England, the main political parties and the industry to help bring new lenders into the market from outside the UK." He says banks should also absorb a share of any extra costs and ensure they are...