Government demands cause Anger and Confusion among the banks.

The council of mortgage lenders (CML) have asked the government for clarification of the terms of funding for the industry. Despite hitting the headlines for saving the economy it seems there is confusion and anger brewing.

Initially the government was pushing for banks to return to 2007 lending levels, despite the current state of the market. The CML claims to have received private assurance from the Treasury that 2007 the condition was not cast in stone.

While the move by the government is well intended, how would the banks be able to return to the 2007 levels? The government needs to clear up any confusion it has put on today’s market.

News brought to you by www.insuremyletproperty.co.uk for all your insurance needs

October 15^th 2008

• Rental market more accessible to landlords
• Countdown 4 days to go to get an EPC
• Landlords receives large fines
• UK rental market to thrive during the economic downturn
• Landlords warned of new law to speed up repossessions
• National Landlord Association passes 35 year milestone
• Agents open lettings offices to stay afloat
• Mortgage brokers look to professional investors to keep the mood upbeat
• Booming Rental Market
• Student lets head the buy to let market
• Bradford and Bingley collect rent direct
• Bradford