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How can mortgage lenders attract more business to the sector?

The UK mortgage industry is still in disarray amid signs that UK mortgage lenders are unwilling or unable to increase liquidity while UK homebuyers are unable to meet the criteria which often involves significant deposits. Despite all of the headlines in the UK press and financial websites around the world, many of these "attractive mortgage rates" require customers to put down 40% plus deposits on a property. This is a condition which the vast majority of the UK population will not be able to meet for some time to come.

The subject of risk in the UK mortgage market is one which is never far away from the headlines and one which the UK government has tackled on numerous occasions. Despite insisting that UK mortgage lenders reduce their risk profiles and take on more "steady" mortgage arrangements, this is the same government which is now asking mortgage lenders across the board to increase liquidity. Unfortunately the authorities, and UK homebuyers, cannot have it both ways with mortgage lenders deciding to err on the side of caution and refrain from flooding the market with mortgage liquidity.

When this will change remains to be seen because even the guarantees given to the government, in exchange for emergency funding, appear to have fallen by the wayside.

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