From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

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 www.ukfinance.org.uk for wider content and updates from UK Finance.

Week in Westminster

Published: 24 June 2016 | Author: Michelle Vosper

So, the UK has voted to leave the European Union. The final results are 51.9% for Leave and 48.1% for Remain. David Cameron has announced his resignation, with the intention that a new prime minister will be in place by the time of the Conservative Party conference in October.

It has also been report that Labour MPs Margaret Hodge and Ann Coffey have tabled a ‘no confidence’ motion in Jeremy Corbyn, ahead of Monday’s scheduled meeting of the Parliamentary Labour Party. If the motion is signed by 51 MPs/MEPs, a leadership contest could be triggered.

The EU Referendum campaign has obviously dominated business this week.  However, the following may also be of interest:

Two years since its launch in April 2014, statistics for May 2016 show that 7,260 personnel have now benefitted from payments received under Forces Help to Buy. The average amount borrowed interest free by each applicant is £15,200. Over £110 million has now been paid out through the scheme.

Communities secretary Greg Clark has appointed Sir Edward Lister as the new Homes and Communities Agency Chair. For the last five years Sir Edward has been London’s deputy mayor for policy and planning and chief of staff at the Greater London Authority.