26 Jan

AMI calls for more mortgage help

AMI calls for more mortgage help

The government has been called upon to implement its latest package of support for the banking system as early as possible.

According to the Association of Mortgage Intermediaries (AMI), an urgent approach will help ensure that the property market benefits from an increase in lending.

Director at the body Robert Sinclair stated that the new measures "will certainly help", but explained that many are "still in the planning and implementation phases".

"Recent government announcements need to be given compelling priority and their implementation accelerated," he added.

Last week the Council of Mortgage Lenders welcomed the initiatives, which include the extension of the credit guarantee scheme, noting that their scale could contribute to a significantly increased flow of lending.

Meanwhile, the AMI has predicted that the property market will make a recovery in 2009, as falling prices prompt a greater number of people to take advantage of affordable property and trade up.

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