View more on these topics

Crosby report delayed

The Crosby review into the UK’s mortgage market is to be delayed, the Treasury has revealed.

The review was due at the end of September, but is now expected to be unveiled on October 13 with revisions due to recent market volatility.

The report, which is being compiled by former HBOS chief executive Sir James Crosby, will outline the endemic problems within the UK mortgage market. Industry heads hope the report will convince the Government to aid the ailing wholesale markets, which are currently disabling the funding of future UK mortgages.

The Treasury says that the report must be reevaluated in the face of changing world markets.

Recommended

Trouble brewing over TCF

Industry experts says it is time to scrap big T and little T and establish a single definition of tele-underwriting to comply with treating customers fairly.

Brokers fear buy-to-let drought

Mortgage brokers have raised concerns over the future placing of Bradford & Bingley’s buy-to-let customers and fear that a funding drought will affect the whole market.

Safety thirst

At the end of one of the most tumultuous weeks we have experienced in financial markets, the Financial Times’ Lex column stated on Friday September 19 that investors today are “more concerned about a return of capital than a return on capital”.

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment