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Improving mortgage liquidity would 'help Bristol property market'

28 April 2010

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In order to aid the property market in Bristol and around the rest of the UK, mortgage liquidity must be enhanced.

 

This is according to Brian Berry, director of external affairs at the Federation of Master Builders (FMB), who suggested that more people would be able to buy homes if loans were easier to secure.

 

He commented: "The key to actually getting the housing market going is to improve mortgage liquidity."

 

Until this is achieved, there will be no radical changes in the fortunes of the industry, Mr Berry claimed.

 

He also noted that the FMB is opposed to plans laid out in the manifesto announced recently by the Liberal Democrats.

 

In it, the party said it would "equalise VAT on new-build and repair" if it came to power, meaning that all new properties would be subject to the levy.

 

Mr Berry argued that now is not the right time to implement such measures.

 

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