CML news & views

Issue no. 9 - 22 May 2013
Almost seven million borrowers have remortgaged since 2005 - but current levels of refinancing are at a 15-year low. Why have people been remortaging, and are they withdrawing equity or paying down debt? Also, we support the Bank of England on the need for an exit strategy for Help to Buy, and publish new guidance on the Green Deal.
In this issue
What's happened to remortgaging since the credit crunch?

Remortgaging peaked before the financial crisis. Today, we look at what’s happened to remortgaging in recent years - and at what our data shows about the behaviour of borrowers who refinance their loans.
CML and Bank aligned on need for Help to Buy exit strategy

The outgoing Bank of England governor, Sir Mervyn King, has said that Help to Buy should not become a permanent scheme. We agree, and have called for the government to be clearer about its exit strategy.
New guidance sets out lender views on Green Deal

New guidance explains that the Green Deal presents no obstacle to lenders – and should not affect mortgage affordability for borrowers.
Brian McCormick becomes chairman of CML Northern Ireland

Brian McCormick, of First Trust Bank, has been appointed to succeed Derek Wilson as chairman of CML Northern Ireland.
Editor's details
- Name:
- Bernard Clarke
- Tel:
- 020 7438 8923
- Email:
- bernard.clarke@cml.org.uk