CML news & views
Issue no. 23 - 28 November 2012
This issue examines housing in London, and how lenders could contribute to the capital's housing strategy. It also looks at Scotland, Wales and Northern Ireland, where first-time buyer activity is picking up. And it urges agreement between insurers and the government to reinforce consumer confidence by making affordable flood insurance cover widely available.
In this issue
London is more akin to an autonomous city-state, and its property market is very different to the rest of the UK. Lenders look forward to the publication of the forthcoming London housing strategy - and hope it will enable them to help fulfil the capital's needs.
Negotiations between the government and the insurance industry on the availability of cover for flooding have reached an impasse. But consumers need a solution that continues to deliver widely available - and affordable - insurance.
Our data showed a welcome pick-up in activity by first-time buyers in each of the smaller national markets in the UK. In Scotland, the total was at its highest in almost three years.
The CML is delighted to welcome a new member - Nedbank Private Wealth Ltd. There are now 114 members and 88 associates.
- Bernard Clarke
- 020 7438 8923