CML news & views

Issue no. 1 - 19 January 2010

Since 2007, the FSA has made important changes to the way it regulates. We support those reforms, and its ongoing mortgage market review. But the next steps are crucial. Further changes must be targeted at causes of consumer detriment. And the FSA must implement the right measures, not to rush through reforms quickly.

In this issue

What we like about the FSA's actions so far
Lenders support aim of tenants bill
Mortgage affordability hits five-year low
Engage Credit, BancTec and Boston Consulting join the CML

What we like about the FSA's actions so far

Since 2007, the FSA has made encouraging changes to the way it regulates - and our forthcoming response to the mortgage market review accepts the need for further reform.

Lenders support aim of tenants bill

Lenders accept that 'unauthorised' tenants deserve better protection. So, we support the aim of a bill being rushed through Parliament before the general election. It's important, however, not to implement a 'rogue's charter' for tenants - and add unnecessarily to borrowers' costs.

Mortgage affordability hits five-year low

New data shows that monthly mortgage payments are becoming more affordable for most borrowers. But finding a deposit is more of a problem, particularly for first-time buyers.