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NewsArticle-12-10-2010

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Wake up Westminster!

Responding to today’s figures from CML showing a further monthly drop in the volume of loans advanced for house purchases, including a 5% fall in first time buyer numbers, Jonathan Fair, Chief Executive of home building industry body Homes for Scotland (right), said:

“If further proof were needed of the ongoing issues surrounding overall mortgage availability and lending criteria, here it is – extremely disappointing but hardly a surprise to anyone involved in the housing market.  When is Westminster going to wake up and take control of a situation which threatens the very survival of our industry and tens of thousands of jobs across Scotland?”

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Enquiries to:
Jennifer Kennedy, Homes for Scotland – 0131 455 8350 / 07763 240694

Notes to Editors:

Homes for Scotland represents the country’s home building industry which, prior to the onset of the credit crunch,:

-  was the largest source of private investment in Scotland and the largest user of the planning system

- built 20,000 new private homes each year, contributed £6bn to the economy and supported the employment of 100,000 people (2007 figures)

As a result of the economic downturn, housing supply is now touching all time lows.  This is having far-reaching and long-term social and economic consequences for Scotland's population.

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