May we have a debate on access to mortgages? Borrowers are finding it almost impossible to access mortgage finance, and if they can, it is only after paying a very high deposit. The Halifax is now asking for a deposit of 40 per cent., which is pretty much impossible for many people, and the Council of Mortgage Lenders says that it expects mortgage finance to decline for some months to come. It is difficult to see how we are going to get the housing market and the house building and construction industries moving again until the whole question of mortgage finance is sorted out. The Government say that they have done certain things, but the mortgage lenders and the building societies just do not seem to be acting.
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