CML news & views

Issue no. 2 - 1 February 2012

Much has been written about first-time buyers, but what about movers? Today’s issue looks at the challenges for this group. We also present the case for reforming benefits for home-owners. Our proposals would be better for borrowers, and could potentially save money for the government.

In this issue

Why are "movers" not moving?
Lenders set out case for benefit reform
CML recruits three new members – and an associate
Lenders invited to briefing on European mortgage directive

Why are "movers" not moving?

Media attention often focuses on the plight of first-time buyers. But what about movers? We analyse the challenges they face, and conclude that finding a deposit for the move they want to make is becoming more challenging.

Lenders set out case for benefit reform

Lenders believe the government should pay support for mortgage interest at the rate payable on individual loans. That would avoid some borrowers having a shortfall, while others have their mortgage overpaid. It could also save the government up to £40 million a year.