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Pain and Maltby to serve second CML term

The Council of Mortgage Lenders has confirmed that chairman Jon Pain and deputy chairman John Maltby will serve a second term in their respective positions in the trade body.

The confirmation came during a meeting of the CML’s executive committee,

Pain is the managing director of Cheltenham and Gloucester while Maltby is chief executive of Kensington Mortgages.

Steve Crawshaw, chief executive of Bradford and Bingley and appointed
deputy CML chairman in mid-2006, will also continue in his role.

Pain says: “I am delighted to continue as CML chairman in what will undoubtedly be another exciting and challenging year for the mortgage industry.”

He also warned that the main challenges for mortgage lenders are housing affordability and Home Information Packs.

Pain says: “Over the next 12 months we will see the long awaited introduction of HIPs – the biggest change to the process of buying and selling property in recent times.

“The CML and lenders have worked hard to ensure the packs are introduced as smoothly as possible, with minimal market impact.

“And, as always, affordability of home-ownership will remain high on the
agenda.

“It will be a major challenge for both government and mortgage lenders to help aspiring home-owners on to the property ladder in a sustainable way.

“With a busy year ahead, I look forward to working with the CML to develop
an innovative and diverse mortgage market which meets the needs of both
lenders and consumers.”

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