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Darling looks to offer lift to ailing home loan market - The Times Feb 08

Ina surprise intervention on the eve of todays interest rate desicion by the Bank of England's Monetary policy Commitee, the Chancellor announced he would consult on measures to lure investors back to the credit markets, which provide funding for bank's loans to homeowners.

Mortgage lenders have found it increasingly difficult to access capital from the markets since the fallout from the sub-prime crisis in America.

The drying up of the wholesale markets is making it tough for lenders to offer competitive rates to borrowers.

Mr Darling also moved to reassure homeowners that the UK was not heading for a housing crash.