Charlie Weston: Radical plumbing key to repairing house market
WE need a powerful drain cleaner for the mortgage market. This is because property lending is like a blocked sink at the moment.
The property market is being bunged up by two types of homeowners.
There is the negative-equity generation, who owe more on their mortgage than the home is worth; and then there are those who are on trackers and dare not give up these low-cost loans.