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UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to for wider content and updates from UK Finance.

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CML launches search for the brightest 'rising stars'


Published: 14 June 2016 | Author: Bernard Clarke

Over the last 18 months or so, the CML has set out to lead the way in meeting the challenges of retirement borrowing. But what should happen next?

Later this year, we’ll be asking you to tell us. The goal of this year’s ‘rising stars’ challenge at our annual conference in November is to invent a brilliant new mortgage product or service specifically to meet the needs of older people.

We have put together a list of some of the questions you might want to consider about the needs of existing and potential older borrowers – but there may be many others.

  • What do older borrowers want out of life, and what specific problem are you trying to solve?
  • What lifestyle changes might affect them over a borrowing term, and how would this affect what they need from a mortgage?
  • In what ways are home-buying patterns evolving, and how will mortgage products and sales have to adapt?
  • Who will benefit from your ideas – bearing in mind that not all older borrowers are the same?

All you have to do is come up with a mortgage product or service that will address these questions, or others that you might feel are more appropriate. You can then submit up to three ideas on our online form

You need to submit your form by Friday, 2 September. We will then go through them and those with the best ideas will then get the chance to present them at our annual conference in London on 9 November.

What works for older borrowers?

Some of the things you might want to think about are:

  • Filling the gap between conventional and lifetime mortgages.
  • The links between pensions and mortgages.
  • Lending options that are outside the mainstream, and innovative savings products.
  • Products that adapt to changing lifestyles, or to changes in house prices or inflation.
  • Buy-to-let products that can adapt to changing markets.

The “rising stars” challenge at our annual conference, which is now in its third year, seeks to promote innovative thinking within the industry. Submitting an entry is a great way of raising the profile of your idea – and of yourself professionally – in front of an audience of senior mortgage industry professionals. Those that make the shortlist will receive:

  • The opportunity to make a short presentation to showcase their shortlisted idea at our annual conference.
  • Complimentary entrance to the conference, this year and next.
  • A certificate of participation.
  • A personal profile and a brief summary of the topic to be addressed, which will appear on our website, in our events e-zine and in at least one marketing email for the conference.
  • A personal ‘thank you’ gift.

We will also publicise the entry selected by the judges as the winner, with a chance for the ‘rising star’ to write it up afterwards in an article published in this newsletter.

The challenges we have hosted so far have attracted a high standard of entries. Last year’s winner, mortgage adviser David Humphrey, of TSB Bank, proposed a Building Bond that would provide an attractive savings option for first-time buyers but also help fund new housing supply.

The year before, Michael Rhodes, a mortgage lending service desk team leader at Leeds Building Society, won with his idea for a Mortgage Builder that would enable a buyer to save for a deposit over the long term with a tax-free account.

So, all that remains for the chance to make it third time lucky is to submit your entry by the 2 September deadline. Anyone requiring any further information should contact