Stewart Baseley, executive chairman of the HBF said today, “Any action that will inject liquidity back into the mortgage market, and so invigorate the housing market must be welcomed. Government and the Bank now need to take urgent steps to encourage investors to return to the mortgage market, and as such we support CML’s suggested action. Crosby’s remit is to look at the market in the medium and long terms, but waiting to act until November / December to take action is no longer an option as the implications for the economy of the housing market downturn start to become painfully clear.” - Ends - Related Links CML urges Treasury to adopt innovative funding solution Notes to Editors: 1. The Home Builders Federation (HBF) is the principal representative body 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 enquiries, or to arrange an interview, please contact Steve Turner 020 7960 1606 07919 307 760 steve.turner@hbf.co.uk
