Government goes some way to boosting liquidity

Apologies for the radio silence for a week but things have been a bit crazy in the wonderful world of mortgages.

It was nice to see the government hatch their cunning plan to get things back on track in the lending markets. For some reason just telling lenders to pass on the rate cuts and not be so nasty did not work!

Actually, this plan to swap some £50bn of potentially shaky mortgage-backed securities for secure government bonds is not a bad one as it will hopefully go some way to boost liquidity and confidence, albeit only slightly.

Critics say that this is effectively nationalising the banks’ losses although the governor of the Bank of England insists that the risks remain with the banks.
Either way, the reality is that while this is all well and good, it is only a short-term fix and could be described as putting an elastoplast on a gaping wound.

However, a start is a start and after much dilly-dallying something positive is to happen and it deserves our support.

Let us hope it is the first steps to a more liquid, confident future.
After six months of hard work, design and planning I am delighted to say that our new website is now live and up. In the design stages I described this as our “purple cow”.

A marketing term that means something that stands out and looks different to other brown cows; in this case many of the other financial websites out there that do tend to be a little bland and corporate.

I hope we have achieved this with the expert help of Tammy at TwoTimesFour Design and David and those nice chaps at Dusted Design who we have put through the mill but have responded professionally and with much-needed humour.

Please feel free to look round the site and any errors or little spelling corrections you spot let me know – my eyes are blurred from reading it too much.