Budget business measures at a glance: Mortgage guarantees
Published Date:
25 November 2008
THE government aims to guarantee mortgage-backed securities to revitalise the moribund mortgage market.
The plan is based on the main recommendation of a report published yesterday into the mortgage market authored by former head of HBOS, Sir James Crosby. He says mortgage lenders should be invited to bid for about £100 billion of government guarantees over the next two years.
The full article contains 69 words and appears in The Scotsman newspaper.
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Last Updated:
24 November 2008 8:53 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Economic indicators
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Mortgage and property news