Downing Street Says » Mortgage Scheme

» Thursday, December 4, 2008

Mortgage Scheme

Asked which of the 8 banks supposedly taking part in the scheme still didn t support the measures announced, the PMS said that from what he had seen all the 8 banks had come out in favour of the measures that we set out yesterday.

Asked if the banks had signed off in principal to the proposals, the PMS said yes and that there were details that we would work on with the banks in coming days.

Asked for a time scale on when to expect more details, the PMS said it was best to check with the Treasury.

Asked if any other banks were taking part in the mortgage scheme, the PMS said that we were in discussions with lenders and we would like the coverage to be as broad as possible. It was best to check with the Treasury for any developments over the course of today.

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