CML calls for better financial support

Residential landlords with financial difficulties could be among those to benefit from a new Mortgage Market Manifesto, which has been published by the Council for Mortgage Lenders (CML).

The document calls on the next government to provide a higher standard of support for mortgage customers with financial issues.

Moves to address the £320 billion "mortgage funding gap" are also called for in the manifesto.

The CML last released a similar document six years ago, but decided to renew the manifesto in the build up to the forthcoming general election.

"Before the last election, we published a Mortgage Market Manifesto. Things have changed since then," the organisation said.

"It is now even more crucial for the next government to have a clear strategy for mortgage and housing markets."

The CML said that while the next government will have "difficult" choices to make in regards to public spending, there is a "strong case" to make sure that the housing market is seen as a priority.

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