BSA welcomes new build indemnity scheme
Monday, 21 November 2011
Commenting today on the Government’s announcement that it will support a new build indemnity scheme, Paul Broadhead, BSA Head of Mortgage Policy, said:
“We welcome the Government's support for a new build indemnity scheme initiative aimed at helping those with a modest deposit buy their own home. This joined up thinking from mortgage lenders, builders and the Government is good for borrowers, the housing industry and in turn jobs.
“For the scheme to deliver its full benefits to consumers it is important that lenders of all sizes can participate. We look forward to working with the Government to help ensure this is the case.”
~ Ends ~
Contact: Hilary McVitty - 020 7520 5926 / Rachel Wylie - 020 7520 5905
Notes to Editors
1. The Building Societies Association (BSA) represents mutual lenders and deposit takers in the UK including all 47 UK building societies. Mutual lenders and deposit takers have total assets of over £375 billion and, together with their subsidiaries, hold residential mortgages of over £235 billion, 19% of the total outstanding in the UK. They hold more than £250 billion of retail deposits, accounting for 22% of all such deposits in the UK. Mutual deposit takers account for 34% of cash ISA balances. They employ approximately 50,000 full and part-time staff and operate through approximately 2,000 branches.
2. Photographs of Paul Broadhead are available from the BSA press office, or from the Association’s website at www.bsa.org.uk or Headlinemoney www.headlinemoney.co.uk
Disclaimer: Press releases published on this page are from key opinion formers
who promote their organisation's activities by subscribing to a campaign site within
politics.co.uk. politics.co.uk does not endorse, edit, or attempt to balance the
opinions expressed on this page. The content of press releases are wholly the responsibility
of the originating company or organisation.
Selling off the most expensive fifth of social housing could help cut the waiting list for council homes by as much as 600,000 in five years, a thinktank has claimed.
Gordon Brown continued to stress his commitment to housing in yesterday's Queen Speech, with measures designed to increase the supply of housing and build the infrastructure needed to support communities.
A new wave of garden cities is needed to solve Britain's housing shortage and save the countryside from urban sprawl, Nick Clegg has said.
Social housing will feature noticeably in the government's pledge to build three million new homes, ministers have claimed.
Grant Shapps was subject to a torrent of online mockery this morning, after he spent half his interview on the Today programme bickering with the host.
An East End council has been accused of "social cleansing" after seeking to find housing for its poorest residents in Stoke-on-Trent.
Cllr David Parsons, head of the Local Government Association's environment and housing board, comments on the government's housing strategy announced today:
Shadow chancellor Ed Balls comments on the government's housing policy announced today on the Today programme:
Falling home ownership rates and a 20% increase in rents over the next five years are likely without government action on housing, a report has warned.
Prime minister David Cameron summarises the new housing strategy in his speech to the CBI conference: