CML news & views
Issue no. 3 - 19 February 2013
This issue looks at the housing market in Canada, and its similarities to – and differences from – the UK. It also sets out lender objections to a proposed 1,300% increase in their contribution to the Money Advice Service. Plus, recent market trends - including a 10% increase in lending over the last year to both first-time buyers and buy-to-let investors.
In this issue
With Mark Carney due to become governor of the Bank of England, attention is turning to what's happening in Canada. The authorities there have been more willing to intervene directly - but it's too early to judge whether the housing market will have a soft landing.
Lenders are alarmed by proposals that their contribution to the cost of funding the Money Advice Service should go up by more than 1,300%. We argue that the plans are fundamentally flawed.
CML data shows that the number of first-time buyer mortgages last year grew to its highest level since 2007.
Navigant Consulting has become an associate of the CML. There are now 108 members and 78 associates.
- Bernard Clarke
- 020 7438 8923