21 January 2010

NAEA: RESPONSE TO CML LENDING FIGURES

Following the Council of Mortgage Lenders publication of its mortgage lending figures, Peter Bolton King, chief executive of the National Association of Estate Agents (NAEA) said:

"Mortgage lending rose in December because of a rush of people trying to get onto the housing ladder ahead of the Government's ill-advised removal of the stamp duty holiday.

"The real impact of that decision will be known when the figures for January are revealed. If in January there is a large drop in lending, the Government will find it difficult to justify ending the stamp duty holiday and making it more difficult for people to own property.”

ENDS

Editor Notes

Editor Notes:

About the NAEA

The National Association of Estate Agents (NAEA) is the UK’s leading professional body for estate agency personnel, representing the interests of around 10,000 members who practice across all aspects of property services both in the UK and overseas.

These include residential and commercial sales and lettings, property management, business transfer, auctioneering and land. The NAEA is a sister organisation to the Association of Residential Letting Agents (ARLA).

The NAEA is dedicated to the goal of professionalism within all aspects of property, estate agency and land. Its aim is to reassure the general public that by appointing an NAEA member to represent them they will receive in return the highest level of integrity and service in both sales and lettings, for all property matters.

Both NAEA and ARLA members are bound by a vigorously enforced Code of Practice and adhere to professional Rules of Conduct. Failure to do so can result in heavy financial penalties and possible expulsion from the Associations.

Contacts

For further information contact:

NAEA PRESS OFFICE

Tel: 020 3128 8181

E-mail: press@nfoppmedia.com