Government calls for increased mortgage lending

Feb. 1, 2011 - PRLog -- Prime Minister David Cameron has called for banks and building societies in the UK to increase mortgage lending to ‘good risk’ home buyers. In a bid to revive the country’s ailing housing market, Cameron is appealing to lenders to once again return to ‘responsible and respectable’ lending. Increased (responsible) lending will not only aid the housing market but could also help to create jobs in the mortgage industry, reports the UK’s leading CeMAP training academy Training Wizard (http://www.training-wizard.co.uk/).
   
Those undertaking CeMAP training will no doubt have been partly encouraged to train in this sector by the increasing number of jobs being created in the mortgage market in recent years. The demand for fully CeMAP qualified mortgage lenders currently outstrips supply, not a common occurrence in the current job market in the UK. The increasing job opportunities in the mortgage market has led to a rise in mortgage broker training, as witnessed by the UK’s premier financial training academy Training Wizard. This latest indication by David Cameron that the government is looking for a loosening of the tighthold on mortgage lending which has been seen in the last couple of years could well lead to yet more employment opportunities for mortgage brokers.

Speaking about his aims to get the UK housing market moving once more, the Prime Minister stated: “In a way the pendulum has now swung too far the other way. If you are a single person, you are earning a decent salary, you go to the bank or building society, you are actually quite a good risk, they won’t give you 80 per cent of the value, they won’t give you four times your salary. So we are working with them to try and say, look of course we don’t want to see the unsustainable boom of the past, but we’ve got to get proper lending, respectable lending going again.”

As the UK’s leading centre for mortgage adviser courses, Training Wizard has been helping people all over the UK become CeMAP qualified in order to help meet the demand for trained mortgage brokers. The government’s encouragement of increased mortgage lending will no doubt lead to yet more demand for fully qualified brokers. For information on CeMAP courses, go to http://www.training-wizard.co.uk/.