Liverpool council to consider mortgage plan to help ease those affected by credit crunch

First-time buyers and low income families affected by the credit crunch could soon be helped onto the property ladder by Liverpool City Council.

The authority is considering proposals to offer council-backed loans to people who are having problems getting them from banks or building societies.

The idea, floated by councillor Flo Clucas, will now be the subject of a feasibility study.

She hopes the plan could kick-start the market where prices have slumped.