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CML support for extending affordable housing - News at Best UK Mortgages - Wednesday, 22nd June 2005Previous Article - Main Index - Next Article The Council of Mortgage Lenders (CML) announced today that it supports the expansion of the government's affordable home-ownership scheme. However the industry group urged the government to keep the scheme as simple and understandable as possible, fearing that changes would over-complicate the existing scheme. Peter Williams, CML deputy director general. commented: "We are also continuing to explore how lenders might help to fund the equity loan element and so enable the public funding available to stretch further and help a greater number of households." Homebuy has proved a popular incentive for buyers on low-incomes and first-time buyers and the news will be welcomed by all buyers seeking smaller mortgages. Latest figures released by the CML show that whilst 81 per cent of people would like to own their own homes, only 70 per cent actually do so. |
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This site is intended for UK residents only. The overall cost for mortgages for comparison is % APR. The actual rate will depend on your circumstances. APR variable and based on a usual case. The Financial Services Authority (FSA) do not regulate some types of buy to let, commercial, overseas mortgages, tax advice and credit or loans not secured on property. Best UK Mortgages is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority. |
