Lenders consider schemes to help at-risk borrowers

At a meeting between lenders and senior Treasury figures including the Chancellor, Alistair Darling, the mortgage industry has agreed to review its voluntary arrangements and codes that help customers and report back to the Government by the end of May. During the meeting, lenders welcomed the £50bn asset swap offered by the Bank of England on Monday, which they hope will bring stability to the markets. Following the meeting, Michael Coogan, director general of the CML, says: “We welcomed the chance today to discuss the steps that the industry is taking to support borrowers in the marke...