Government action needed on long-term fixed-rate mortgages

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Government action needed on long-term fixed-rate mortgages

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12-04-2007, 09:32 PM

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Government action needed on long-term fixed-rate mortgages

The Council of Mortgage Lenders (CML) is urging the Government to act if it wants more homebuyers to take out long-term fixed-rate mortgages.In July of this year the Government announced that it wanted to help lenders to offer more affordable 20 to 25 year fixed-rate products.The CML describes the appetite for this type of product [...]

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