MLex Summary: The plan around easing lending rules for mortgages should be “as ambitious and rapid as possible,” the UK finance ministry reiterated today. The remarks come as the government intends to update the Mortgage Guarantee Scheme and turn it into a permanent program to boost homeownership. “I will work closely with regulators and industry to get this done quickly and in a way that supports as many people as possible,” financial services minister Emma Reynolds said.
MLex Summary: The plan around easing lending rules for mortgages should be “as ambitious and rapid as possible,” the UK finance ministry reiterated today. The remarks come as the government intends to update the Mortgage Guarantee Scheme and turn it into a permanent program to boost homeownership. “I will work closely with regulators and industry to get this done quickly and in a way that supports as many people as possible,” financial services minister Emma Reynolds said. Read More
