View more on these topics

Government could guarantee mortgage-backed securities

Chancellor Alistair Darling is believed to be planning a multibillion pound kick-start to the UK housing market, which would see the government temporarily guaranteeing high quality mortgage-backed securities.

The Times newspaper reported today that Darling is preparing to intervene to stimulate Britain’s housing finance market.

Darling is waiting to read the conclusions of the Crosby Review before he makes his move.

Mortgage Strategy exclusively revealed last week that the long-awaited conclusion of the Crosby review into possible solutions to unblock mortgage finance has been brought forward.

According to senior government officials Darling is considering options to renew or extend the Bank of England’s Special Liquidity Scheme and another to create a government guarantee for high-quality mortgage securities.

The proposals are likely to be finalised and presented in the Pre-Budget Report, expected towards the end of October.


Service is the problem for HSBC, says Boulger

Poor service, rather than brokers, is the main barrier to HSBC achieving greater success in the mortgage market, says industry guru Ray Boulger.Last week warned that brokers are sacrificing the best deals by not considering direct products. The website held up HSBC as an example of a lender at the top of best buy […]

A boost for social housing

The Home Builders Federation says it supports the rescue plan as a tool for advancing investment in social housing but action is still needed to address funding constraints.

Economic sabotage and the forces of evil

Deep in the bowels of the Secret Intelligence Service’s HQ Agent Orange and her economic intelligence unit have been number crunching.Under the Intelligence Service Act 1944 the Service’s remit extends to working “in the interests of the economic well-being of the UK” and Orange’s research is flagging up a red alert. She murmours to a […]


News and expert analysis straight to your inbox

Sign up