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Broker Talkback

Was the Bank of England wrong not to include specialist lenders in its £50bn rescue package for banks?

Yes 62%
No 38%


“They are probably right because this package is designed to help first-time buyers and mainstream borrowers so I think specialist lenders probably should be kept separate.

Stephen Bentley, Stephen J Bentley & Co

Yes “They should have made it a level playing field because it is unfair otherwise.”

Michael Smith, Active Insurance Services

Yes “They were wrong to exclude specialist lenders as that is clearly where most of the problems lie.”

Alan Sensicall, ADS Financial Planning

Yes “Specialist lenders and their customers are in just as much difficulty as mainstream lenders. They should be included to keep their business models going otherwise many of their sub-prime loans will not be serviced.”

Marcus Reilly, IFA1

No “I think the Bank of England did the right thing. It is a rough old commercial market and everyone is in it for themselves.”

William Parry, Lloyd David Parry

Yes “For fairness, either they should do it for the lot or none of them.

Leslie Carter, Les Carter Financial Services,

No “All these products have been produced and not worked. I believe the BoE has been generous in what they have already done.”

David Williams Ewens, WWH Ewen Insurance Adviser

Yes “I think the bank was wrong to make this decision. All lenders need help at this time.”

David Bowen, Mistral Consultancy Money Marketing welcomes readers’ letters for publication which should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX. Letters can also be faxed on 020 7943 8097 or sent by email to: john.


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