Useful lenders are frozen out

Williams, Peter
March 2009
Lending Strategy;Mar2009, p17
Trade Publication
The author discusses why the specialist sector of Great Britain deserves the same government support given to the prime sector. He describes the economic problem that faced the mortgage market as similar in effect to the heaviest snowfall experienced in February 2009. He notes that the exclusion from government schemes of specialist lending products such as sub-prime, self-cert and buy-to-let is unjustified since these services are valuable in an economy driven by self-employment, and in a housing market largely populated by renters.


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