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28 January 2010
In two new separate but parallel policy papers, the Council of Mortgage Lenders today expresses support in principle for some of the regulatory reform proposed by the FSA under its mortgage market review. At the same time, the CML believes that such reform needs to be accompanied by a clearer government strategy in relation to mortgage funding. Conduct of business reform may be effectively irrelevant for the foreseeable future if the mortgage market shrinks due to unaddressed structural vulnerabilities in the mortgage funding markets.
26 January 2010
The Council of Mortgage Lenders broadly agrees with the proposals on arrears handling put forward today by the Financial Services Authority, but will need to review the practical implications to ensure there are no unintended consequences.
21 January 2010
Gross mortgage lending reached an estimated £13.7 billion in December, a 14% rise from £12.1 billion in November, according to new data from the Council of Mortgage Lenders
14 January 2010
Home buyers are experiencing a five-year low on the percentage of their income needed to cover mortgage interest payments.