Official: U.K. Wants to Help Borrowers

The British government wants to make it easier for people to get mortgages, Chancellor of the Exchequer Alistair Darling said Tuesday.

The remark was a hint that the nation's treasury may be prepared to intervene in the beleaguered U.K. mortgage market.

"Yes, everyone here in the hall knows someone … who's trying to get a mortgage at the moment, and we want to help, as other governments have done, and make it easier for people to get mortgages," Mr. Darling said in a question-and-answer session Tuesday.

He has said he will decide whether to intervene in the mortgage market this fall.

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