Kwarteng considers extending mortgage guarantee scheme
by Kalyeena Makortoff and Rupert Jones from Economics | The Guardian on (#64EAA)
Initiative may continue beyond December as bank bosses raise concerns over mortgage market
The chancellor is considering extending the government's mortgage guarantee scheme, after UK bank bosses raised concerns over the state of the UK's mortgage market at a high-level meeting at No 11 Downing Street.
The meeting on Thursday - which was attended by chief executives including Alison Rose of NatWest, Charlie Nunn of Lloyds Banking Group, HSBC UK's Ian Stuart, Mike Regnier of Santander and TSB's Robin Bulloch - was scheduled amid mounting fears about the potential fallout from rapidly rising mortgage rates.
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