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Next govt ‘must fix housing crisis’

Council of Mortgage Lenders chairman Moray McDonald has urged the next government to sort out the housing crisis “once and for all”.

Speaking last week at the trade body’s annual lunch in London, McDonald, head of personal and business banking products at Royal Bank of Scotland, called for the major parties to agree on a housing strategy. He said: “Dealing with the supply side, in my view, has to be our new ‘North Star’ that everyone aims for. To get there, we need a housing strategy that commands all-party support with a three-line whip from national government down to the parish council to ensure it’s implemented.

“That strategy should come from us, the industry, in partnership with government. Fix this and the market itself will address affordability.”

Dame Kate Barker, who has written two influential reports on housing supply and planning, was a guest at the lunch and called for public land to be brought forward to reach the target of 200,000 new homes a year by 2020.



Mortgage Mole: Like a glove

Like a glove  The folks at Mortgage Brain may have inadvertently stumbled across the next big innovation in mortgage sourcing. As Mole reported earlier this month, the mortgage technology giant put out a cheeky April Fools’ Day prank claiming to have developed the market’s first mortgage sourcing glove. It promised users a truly ‘whole-of-market sourcing […]


Pre-election wariness ‘is dampening lending’

Uncertainty ahead of the general election is “dampening” lending, although the Council of Mortgage Lenders predicts an upswing once the result is known. Figures from the trade body show house purchase lending fell by 12.8 per cent year-on-year, from £7.8bn in February 2014 to £6.8bn this February.  By volume, the number of loans fell by […]


Govt to appoint minister to stop age discrimination in mortgage lending

The Government will appoint a minister to stop lenders unfairly discriminating against older borrowers if it wins the next election. Ros Altmann, the Government’s older workers’ champion, will be made a peer and appointed as a minister responsible for financial consumer protection and education, if the Conservatives are in government after the election. Part of […]

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Changes to capped drawdown tables

The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be. Changes to capped drawdown tables Capped income drawdown involves taking a pension directly from a fund instead of buying an annuity. However, there’s a limit on the maximum amount […]


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