Crosby deadline brought forward

The long-awaited conclusion of the Crosby review into possible solutions to unblock mortgage finance has been brought forward, Mortgage Strategy can reveal.

In a conversation with the Department of Communities and Local Government this morning, Prime Minister Gordon Brown revealed that the deadline for Crosby’s final conclusions into what can be done to aid the stagnating mortgage market has been pushed forward to this month.

The final Crosby report had been expected to run alongside the pre-Budget report in October.

Brown disclosed the imminent deadline to Richard McCarthy, director-general of housing and planning at the DCLG.

McCarthy says that although Brown confirmed that Crosby’s conclusion has been brought forward, it is unclear as to when the full report will be published in light of the revised deadline.