CML news & views
Issue no. 23 - 1 December 2008
Key issues come under scrutiny at CML conference
There could be no more challenging conditions in which to scrutinise what's happening in the mortgage market. Tomorrow's CML annual conference provides the perfect platform for some of the most influential figures in the industry to debate the issues.
Lenders welcome housing benefit statement
The government has moved to ease lender concerns over the payment of housing benefit in the social rented sector. Lenders will welcome what the minister has said.
Equity buffer helps borrowers in arrears
In many cases, borrowers can already stay in their homes for six months or longer while they work with the lender on a plan to pay off their arrears. But where there is little or no equity in the property – and no chance of the borrower getting back on his feet quickly – it may not be in the home-owner's best interests to allow arrears to continue to build up.
Price falls ease - but recovery is still some way off
The rate at which house prices are falling declined in November. But the weakening economy means that there will be no swift recovery of the housing market.
Editor's details
- Name:
- Bernard Clarke
- Tel:
- 020 7438 8923
- Email:
- bernard.clarke@cml.org.uk
