View more on these topics

Analysis: The CML is offering a platform for your bright idea

Paul Smee

In 2009, unemployed computer programmer Brian Acton failed at job interviews for Twitter and Facebook. Not fazed, he took advantage of the new Apple app store and created a messaging service application, WhatsApp. Five years later he sold it to Facebook for $19bn. 

With the right platform to realise an idea, individuals can thrive and create influential products of real value. The Council of Mortgage Lenders wants to provide just such a platform. Last month we launched our second annual Rising Stars competition, in which anyone can submit a proposal to improve any part of the mortgage industry.

Last year Leeds Building Society’s Michael Rhodes won with his Mortgage Builder idea: a young person’s savings account scheme opened exclusively to save for a home deposit. 

He presented his plan at our conference, the idea took off and a few months later the Government launched the Help to Buy Isa.  

This year for a more open competition, we call on anyone with an industry-improving idea, big or small – lender, broker, journalist, student or retiree – to enter. Details are on our website. 



FOS slates post-MMR ‘box-ticking’ by lenders

The Financial Ombudsman Service has hit out at some lenders’ “box-ticking” approach to underwriting and urged them to stop hiding behind the Mortgage Market Review when making lending decisions. It says that since April 2014, when the MMR came into force, it has received complaints that lenders have applied the new rules too rigidly and […]


6 major lenders sign up to offer Help to Buy Isa

Six of the UK’s biggest lenders have signed up to the Government’s Help to Buy Isa scheme. Barclays, Lloyds, Nationwide, NatWest, Santander and Virgin Money will offer the new savings product from 1 December. Launched by the Government in the March Budget, the scheme offers savers a 25 per cent bonus if they use those […]


Barclays posts £3.1bn profit but hit by £1bn redress bill

Barclays’ profits rose 25 per cent in the first half of the year to £3.1bn as the bank set aside a further £1bn in total for customer redress. The bank’s interim results show pre-tax profits are up from £2.5bn in the same period last year. A total of £1.03bn has been set aside for customer […]


Zurich eyes Openwork stake sale

Zurich is considering selling its 25 per cent stake in advice network Openwork, Mortgage Strategy’s sister title Money Marketing reports. The insurer has appointed investment banking advisory firm Evercore to explore exit opportunities as senior management look to rid the company of any liability risk associated with the business. Sources say the move has been […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now