EU mortgage reform presents clarity, says CML

Despite the differences of opinion between consumer and industry bodies on what should be reformed and how, the CML says the report presents a powerful list of 48 ‘action plan’ recommendations on the five main themes of consumer confidence, legal issues, collateral issues, distribution issues and finance. Some of the key issues cover aspects such as the need to introduce clarity on the use of databases, as well as clarify the approach to valuation of property, benchmark forced sale procedures across all member states, ensure the operation of effective property registers to record all cha...