Commenting on the Bank of England’s decision to inject £50bn into the banking sector, Executive Chairman of HBF Stewart Baseley says: “The Bank of England is to be applauded for taking action. At a time of market uncertainty measures such as this are extremely welcome for home buyers. “The acid test for borrowers will be whether this move will deliver better access to loans and lower interest rates. “Only this will restore confidence to the housing market and ensure that those people who wish to own their own home are not prevented from doing so.” - Ends - Notes to Editors: 1. The Home Builders Federation (HBF) is the principal trade federation for private sector home builders and voice of the home building industry in England and Wales. The HBF’s 300 member firms account for some 80% of all new homes built in England and Wales in any one year, and include companies of all sizes, ranging from multi-national, household names through regionally based businesses to small local companies: www.hbf.co.uk For media information, please contact: Paul Boulter 020 7421 6140 07814 506378 paul.boulter@portlandpr.co.uk
