The Council of Mortgage Lenders says there has been too much government intervention in the mortgage market over the past 12 months, deeming the amount of legislative and policy initiatives as excessive.
According to the CML’s annual report out today, the government's involvement in the UK housing and mortgage markets “reached unprecedented heights” over the last year. Despite this, however, lending in Britain reached record levels since CML published its annual report in May last year, with gross lending growing by 24%. The CML suggests the "buyancy" of the property market made the past year the busiest one ever. Michael Coogan, CML director general, says: “The buoyancy of the housing market gave the industry a particularly high profile, there was a glut of legislative and policy ...
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