CML news & views

The decision to scrap home information packs came quickly – and has proved popular with consumers. Now we need a concerted effort to address deep-rooted, structural problems with mortgage and housing markets.

Today's data from the Bank of England suggests a weak recovery in house purchase activity, and low levels of remortgaging and net lending.

Remortgaging in Scotland has continued to decline, as in the rest of the UK. But for Scottish first-time buyers, there was better news – with a slight improvement in the affordability of deposits.