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Colin Walsh set to become CML chairman

Colin Walsh, managing director of mortgages at Lloyds Banking Group is set to take over from Matthew Wyles as chairman of the Council of Mortgage Lenders next year.

Wyles, who has been chairman of the CML for almost two years will leave next year and Walsh has been nominated to replace him.

Wyles announced his replacement at the CML conference this morning.



Small step forward for sub-prime loans

Reports of sub-prime’s death have been greatly exaggerated, with loans now available to borrowers refused by the high street. Lenders are accepting some County Court Judgements or recently missed loan payments, though none of the deals exceed 80% LTV. It is hardly irresponsible lending and is welcome news. These lenders deserve credit. They have had […]


Being an AR eases compliance burden

The Mortgage Market Review is going to change our industry and whether we agree with it or not, the most important task will be to ensure the cost of remaining compliant is worth paying, particularly as business acquisition remains challenging. The debate over directly authorised and appointed representative status has been played out many times […]

Fewer properties were repossessed in Q3, says CML

Repossessions fell by 5% in Q3 and there were 2,100 fewer properties in arrears than in Q2, according to the Council of Mortgage Lenders’ latest arrears and repossession figures. Some 8,900 properties, representing 0.08% of mortgages, were taken into possession in Q3. The total was 5% lower than the 9,400 cases of possession in the […]

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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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  • Keith 18th November 2010 at 3:42 pm

    Let’s hope a new Chairman will take a more positive view of change so we can get the MMR introduced quickly to give us all the certainty we need to move forward.