Property Derivatives
All posts tagged: Alistair Darling
Residential Market - failed to produce any meaningful moves
Like commercial property, many of the concerns overhanging the market are weighing on residential investors minds despite the well documented lack of supply.
Consequently the market failed to produce any meaningful moves.
Alistair Darling, the Chancellor of the Exchequer, proposed giving the FSA more powers to police the UK mortgage market, such as requiring Hedge funds and private equity firms, who bought distressed mortgage portfolios, to abide by the same rules as banks when it comes to dealing with customers.
He also announced other measures to clamp down on risky loans, which may curb demand for home loans.
Paragon the buy-to-let mortgage specialist signalled that lending markets are improving by announcing that they are poised to resume lending again for the first time in two years.
