View more on these topics

CML backs home ownership plans

The Council of Mortgage Lenders has pledged its support to the government’s plans to extend home ownership.

In his introduction to the CML annual conference, Stuart Bernau, chairman of the CML and commercial and communications director at Nationwide, told listeners that targeted intervention is welcome but only if it delivers real benefits to consumers.

These must include a more efficient sales process, less stress and delays in conveyancing transactions and fewer barriers to home ownership.

But he warns more mortgage market interventions are planned which are likely to add additional costs which will be borne by consumers.

Because of this, he says, the industry remains to be convinced that intervention delivers sustainable consumer benefits.

Bernau adds: “The CML mission is to promote a thriving mortgage market environment. So far so good, but real challenges lie ahead.”

Included in these is Home Information Packs, due to be introduced in June 2007.


Specialist market will grow faster than mainstream in 2006, says B&B

Bradford & Bingley believe that 2006 will see the housing market remain strong with the buy-to-let, self-cert and lifetime markets growing faster than the mainstream.Mark Stevens, managing director of strategy at Bradford & Bingley, says: Economic data throughout much of the 2005 has recorded weak growth and sluggish consumer spending much to the frustration of […]

It’s time for lenders to declare what they earn in this regulated world of ours

From Guy Garrard Since the dark uncertain days of November 2004 and the advent of the new world of regulation there has been something nagging at the back of my mind about our world of transparency and Treating Customers Fairly. It’s been there now a year and the nagging is now reaching spouse-like proportions. Quite […]

Internet Insite

Mortgage Strategy’s weekly guide to what’s hot and what’s not on the web. Kevin Paterson takes a look at lender websites, working his way from A to Z

Mystery of how mis-selling claims firm gets its details

From Peter French My daughter and future son-in-law completed on their first mortgage last week. The mortgage is on a repayment basis and neither of them have had life assurance policies or mortgages before. How come then a letter addressed to my son-in-law arrived at my home trawling for endowment mis-selling work from Key Point […]


News and expert analysis straight to your inbox

Sign up