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Broker Talkback

Do you agree with Bank of England governor Mervyn King that it would be wrong to inject extra liquidity into the mortgage market?Yes 50%No 50%

No “He should inject more money. Nothing is moving and I do not think he realises how many people are on the bread line.”

Bharti Doshi, Allcover Financial Services

No “First-time buyers will never get on the property ladder if they cannot get credit.”

Mohammed Dar, Burlington Financial Services

Yes “There is a suggestion that local authorities could step in to fund mortgages which may help the housing market.”

David Stokes, David Stokes

No “I think we could do with some extra investment to get some of the better deals out there.”

Jonathon Evans, Kevin Ford & Co

Yes “Things will sort themselves out in time. Pumping money into the markets is only a short-term answer and it will cost us a huge amount. Taxpayers should not foot the bill.”

Roderick Purves, IFPG

No “The mortgage market is fragile and it needs some help. There is not enough funding right now, particularly for first-time buyers, and if the Bank of England does nothing, things will continue to stagnate.”

Keith Jennings, director, Cathedral City Financial Services

Yes “Liquidity is not the answer to the issue. The banks are going to have to have another set of rights issues and we will see the markets fall again.”

Roger Marx, Freedom Financial Planning

Yes “In general terms, it is creating a false market and if you create a false market, there is a question of who is going to continue that continual funding when it runs out? It should be left up to the market to decide.”

Peter Naylor, Naylor Financial Planning


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