CML news & views

The initial £50 billion Special Liquidity Scheme brought some welcome relief, but did little to quell the political and media frenzy. The political knives are still out as the government looks at ways in which the industry can act to address the position of home-buyers who find themselves affected by the current extraordinary market conditions.

Housing is a key issue for the Mayor of London; a city in which elevated house prices have stretched mortgage affordability to the worst levels in the UK. We review the housing manifestos of the key candidates in advance of the May election.

As we pore over the details of the Special Liquidity Scheme, speculation is increasing on the potential risks to all involved, particularly the tax payer.