Govt must act quickly to save mortgage market - CML

The lobby group has been disappointed the Crosby Review, set up by the Chancellor to examine how to restart wholesale finance markets, will not be making any recommendations in its interim report. However, the CML has drawn up a blueprint to address funding issues, which it says could reduce the severity of the downturn in the UK housing market: “The CML firmly believes that with quick and decisive implementation of the mortgage market funding proposal, the Government could mitigate the difficulties that households and the housing market will otherwise face, as well as helping to restore g...