UK builders want more action on mortgages
LONDON, Sept 2 (Reuters) – The British housebuilding industry’s main lobby group said government measures aimed at bolstering the slumping property market were positive, but called for more action to improve mortgage availability.
“We welcome today’s package as a positive set of measures to assist the housing market — and particularly the hard-pressed first-time buyer,” Stewart Baseley, chief executive of the Home Builders’ Federation, said in a statement on Tuesday.
“However, we still also need action to tackle the current constraints on mortgage funding. This remains a critical part of the overall picture on which the ultimate success of today’s measures depends.”