There’s welcome news from Government this week for house buyers.
Chancellor George Osborne has announced a significant cash boost for the banking sector with £5 BILLION injected into the lending system each MONTH and which is pledged specifically on the basis that the banks, at last, start lending to mortgage applicants. Business owners too.
The move has been described as a ‘panic measure’ by opponents.
But regardless, such an increase in liquidity can only assist the housing market in ensuring that home loans become more obtainable but that the message that the Government are sending is one that should assist confidence.
Great news for the market overall.