David Cameron, the leader of the Conservatives, has said that he wants to protect mortgages.
Speaking at a conference of
business leaders earlier this week, Mr Cameron said that his party had learnt lessons from previous mistakes, specifically 1992's Black Wednesday.
The Conservative leader said that the party has "learnt their lesson" and announced that a new framework would be outlined by the Tories geared towards protecting both
mortgages and people's livelihoods.
Mr Cameron added that the party would concentrate on
mortgage protection and not risk high interest
rates for mortgages.
Concluding his speech to the business leaders, the Conservative leader said that his party would seek to build "a strong and vibrant economy … and create jobs and wealth and opportunity in our country".
The government has also announced recently that it wants to help
mortgage borrowers, particularly
first time buyers who are trying to get onto the
property ladder.
Working with three
mortgage lenders - Yorkshire Building Society, Nationwide and the Halifax - the government is looking to provide people with 'top-up' equity release loans that will enable them to borrow mortgages on properties they would otherwise be unable to afford.
