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by the following authors: 'Harinder Chohan'

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Long Term Safety Nets to Protect Mortgage Borrowers

Industry publication,
Contact:
harinder chohan,
Last updated:
19 September 2011

In November 2010, we launched a report by John Howard into Long Term Safety Nets to Protect Mortgage Borrowers which examines the economic environment which has caused many homeowners to fall behind in mortgage payments; the help available to those struggling to meet payments...

Public Financial Guidance

Industry response,
Contact:
harinder chohan,
Last updated:
21 December 2015

The BSA has responded to HM Treasury's consultation paper Public Financial Guidance. The full response can be found here

BSA publishes submission to FCA Mortgages Market Study interim report

Industry response,
Contact:
harinder chohan,
Last updated:
31 July 2018

The BSA’s full response to the FCA Mortgages Market Study Interim Report can be found here Regulatory stability and innovation In its interim report the FCA recognises that the mortgage market works well for the vast majority of consumers and that commercial relationship...

BSA response to FCA Mortgage Market Study: Interim Report MS16/2

Industry response,
Contact:
harinder chohan,
Last updated:
31 July 2018

The Building Societies Association (BSA) represents all 44 UK building societies. Building societies have total assets of over £393 billion and, together with their subsidiaries, hold residential mortgages of over £302 billion, 22% of the total outstanding in the UK. They hol...

Peer-to-peer and crowdfunding platforms

Industry response,
Contact:
harinder chohan,
Last updated:
26 October 2018

We welcome the FCA paper and agree with the spirit of the consultation which addresses a potential gap in protection for consumers choosing to apply for home finance via a Peer to Peer (P2P) platform.  We welcome new entrants as competition and innovation are the sign of a he...

BSA response to Law Commission consultation; Leasehold home ownership: buying your freehold or exten

Industry response,
Contact:
harinder chohan,
Last updated:
09 January 2019

The BSA welcome the Law Commission’s proposals which support governments recent work to simplify and make the leasehold process more fair for leaseholders.  The paper looks at simplifying the enfranchisement process, reforms include:  Removing technical barriers and complexi...

BSA response to HM Treasury breathing space scheme: consultation on a policy proposal.

Industry response,
Contact:
harinder chohan,
Last updated:
31 January 2019

The implementation of breathing space and a statutory debt repayment plan was a 2017 manifesto commitment. Breathing space would give someone in problem debt the right to legal protections from creditor action while they receive debt advice and enter an appropriate debt solut...

Reinvigorating Commonhold: The Alternative to Leasehold Ownership

Industry response,
Contact:
harinder chohan,
Last updated:
11 March 2019

We firmly believe that government should continue to prioritise and focus on addressing onerous lease terms suffered by some leaseholders.  It is important that commonhold is not seen as a panacea for the issues with leasehold but instead be another option alongside a better ...

Mortgage customers: proposed changes to responsible lending rules and guidance

Industry response,
Contact:
harinder chohan,
Last updated:
26 June 2019

We are pleased that the FCA is attempting to address the regulatory barriers that currently restrict some customers from remortgaging. It is positive that FCA are looking to create an implementation group to take this work forward, we will continue to work closely with the FC...

BSA response to FCA consultation on mortgage advice and selling standards

Industry response,
Contact:
harinder chohan,
Last updated:
08 July 2019

In our response to the Mortgage Market Study Interim Report we suggested that whilst a fully advised process was suitable for the majority of consumers, those who legitimately wanted to transact via execution-only were currently denied this opportunity due to restrictions in ...