Peter Rollings Managing Director of estate agent Marsh & Parsons comments
Fri 02 Jan 2009
These numbers keep getting worse despite plummeting interest rates and government attempts to get banks lending again. The proposed measures to help lenders have patently not worked - banks still have no cash because the government is all talk. They cant lend what they dont have.
The first quarter of 2009 is an opportunity to make this right. Nobody is calling for a return to the irresponsible lending of the last few years but the government must pull itself together we need action not words to thaw lenders cash flow freeze. Only this will restore mortgage lending to a reasonable level.