UK Politics

Liberal Democratic Party: Mortgage lending drop proof economy still fragile says Teather

Press Release   •   Feb 19, 2010 08:32 GMT

“We urgently need many more affordable homes and the quickest and cheapest way to do this is to bring hundreds of thousand of empty homes back into use," said the Liberal Democrat Shadow Housing Minister.

Commenting on Council of Mortgage Lenders figures showing the gross mortgage lending declined by 32% in January and is at its lowest monthly total since 2000, Sarah Teather said:

“These figures are further proof that the economy is still extremely fragile.

“Despite the Government having a share in some of the country’s banks, it has failed to get them to act in the interests of the consumer.

“We urgently need many more affordable homes and the quickest and cheapest way to do this is to bring hundreds of thousand of empty homes back into use."