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CML Conference: Bernau pledges support of extended home ownership

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

In his introduction to the CML annual conference, Stuart Bernau, chairman of 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 benefits include more efficient sale processes, less stress and delay in conveyancing transactions and fewer barriers to entry into home ownership.

However, he warns more mortgage market interventions are planned, which are likely to add an additional layer of business costs to be borne by the consumer. Because of this, he adds, the industry remains to be convinced that interventions deliver sustainable consumer benefits.

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

Included in these is Home Information Packs, due to be introduced in June 2007. Bernau expresses concern that this date was a bit tight and urges the government for more details of the implementation plan to ensure a smooth introction.


NLA welcomes private-rented sector report

The National Landlords Association has welcomed the recent report on the private-rented sector published by Camden Council. The report, produced by the Private Rented Sector Accommodation Scrutiny Panel, reflects the fact that a quarter of all households in the borough now rent their homes from a private landlord, almost as many as remain tenants of […]

Kensington launches marketing toolkit

Kensington has launched a marketing toolkit for intermediaries wanting to achieve the best results for their business. Put together by Kensingtons expert team, this simple guide to marketing has been designed to help intermediaries promote themselves whilst adhering to the rules set by the Financial Services Authority. In an easy to read format, the toolkit […]

GE launches First National deals with em-, TFC and Mortgage Times

GE Money Home Lending has launched a selection of First National deals with three packagers – em-, TFC Homeloans and The Mortgage Times Group. The products include nine price points, three for each packager, that create a more competitive offer and further demonstrate the company’s dedication to the branded lending sector.The em- product includes a […]

Paymentcare backs OFT’s PPI investigation

Paymentcare has welcomed the announcement by The Office of Fair Trading that it will be launching a probe into the selling of Payment Protection Insurance.Shane Craig, managing director of Paymentcare, says: We have long campaigned for an OFT investigation into the selling of PPI by the major High Street providers.Consumers have for far too long […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


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