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
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 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.
The start of 2012 has seen a welcome expansion of the CML, which now has 111 members and 88 associates.
Euro MP Vicky Ford is inviting lenders to hear the latest on European regulatory reform.
- Bernard Clarke
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