I was interested to read last week the Council of Mortgage Lenders’ prediction that 45% of borrowers would have been blocked by the Mortgage Market Review this year if it had already been implemented.
I am pleased to see the CML is taking the important issues to the Financial Services Authority.
The fear factor is increasing which will simply destabilise the market further.
We need positive moves by the government, the regulator and lenders to reassure consumers and bring some optimism to the market.
I fear we are some way off that and there may be more carnage ahead. More support for the CML please.