Reading the Dail Mail this morning there is an article on the second page titled ‘Mortgages are being rationed’.

It appears that the CML or Council of Mortgage Lenders Director General has stated that the UK is in a state of mortgage rationing. This means that the UK mortgage lenders are simply unable to raise sufficient funds to offer mortgages to even the qualifing borrowers.

But how can this be you may ask ( quite rightly so ) ? Good Ol’ Gordon came charging in on his white horse and created a £37 billion rescue package to restore the UK financial market to a satae of improved liquidity surely that has solved the problem!

AHAA say economists but this problem has now emerged and that problem and what about this here >!

WHEN WILL IT END I hear you scream

It seems that right now everyone has a different answer and the little people like you and me wont know the answer till we get reach the end.

Buckle your seat belts people we are in for a rocky ride!

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