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.

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The future of Ireland's mortgage market - consultation

Last updated: 21 Feb 2017

Consulting body:
Competition and Consumer Protection Commission
Status:
Closed
Period of consultation:
Runs from 20 February 2017 to 20 March 2017
CML action:
Response submitted

The Competition and Consumer Protection Commission (CCPC) has issued a public consultation on the Irish mortgage market.

The consultation is a key input into a body of work being undertaken by the CCPC, which was requested by the Irish Government as part of the “Programme for a Partnership Government”.

The CCPC is examining the market structure, legislation and regulation of the mortgage market in Ireland and will outline options on how Ireland can develop a better-functioning, more sustainable mortgage market.

CML response

The CML is not in a position to comment on the specifics of the Irish mortgage market. but we have some general comments for consideration by the CPCC, outlining what we believe makes for an effective mortgage market for both lenders and their existing and potential customers.

This reflects the comments that we have made to the UK regulator, the Financial Conduct Authority (FCA), in response to its study of the UK mortgage market.

Read the full CML response to this consultation below, where we provide comments on regulation, mortgage intermediaries, inter-dependency with the other elements of the home buying process, innovation and government initiatives.