Qualified advisers answering your
Financial Questions
call 0800 092 1245

Is It Right To Bail Out The Mortgage Lenders, Again?

While banks in the UK have enjoyed something of an Indian summer in the mortgage market for the last decade there are concerns that tax payers money will be used to shore up the ailing sector after a period where greed was seen to be good by many in the industry. The growing threat of tax payers yet again being dragged into the saga is growing daily with calls for some kind of support fund to recharge the sector.

This is something of a double edged sword in that the general tax payer will suffer if the sector comes under more pressure with finance harder to arrange and interest rates sure to tick higher. However, if the tax payer is forced to intervene to support the sector not only will tax payer funds be used to support the banks, but these institutions will also make more profit from those taking out mortgages. The government and the tax payer have been backed into something of a corner and it looks to all intense and purposes as if there is no real choice.

However, what route the authorities decide to take is very much unclear at the moment but yet again the banks will be set up for the future and pay very little to the rescue package, leaving them to announce multi-billion pounds profits for shareholders.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details