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.
- Top trends
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 […]
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 […]
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
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 […]
Capital Market Notes, December 2016 David Lafferty, Chief Market Strategist at Natixis Global Asset Management, discusses the outcome of the Italian Referendum. Read the full article here
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