There is no quick fix for Britain’s mortgage crisis and the long-term funding of mortgages should be left to the market, a report to Alistair Darling will conclude on Tuesday.

The interim report from Sir James Crosby, the former HBOS chief executive asked by the Treasury to lead a review into improving wholesale mortgage financing in April, is likely to receive a cool response from lenders who have been lobbying the government for rapid action to break the logjam in the mortgage market.