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2020 Vision - The Mortgage of the Future

Industry publication,
Contact:
simon rex,
Last updated:
16 November 2012

The BSA has published research looking at what the mortgage market will look like in 2020. The research looks at a wide range of factors that may influence the types of mortgage that are being sold in 2020. It looks at how the demand for mortgages will change by 2020, ...

Reforming the home buying and selling process

Industry publication,
Contact:
simon rex,
Last updated:
06 July 2010

Representatives from the legal and conveyancing professions, estate agents, surveyors and consumer bodies explore how the home buying process can be improved for consumers. Download PDF

Useful links

Factsheet,
Contact:
simon rex,
Last updated:
21 October 2013

Further advice and information is available from the following organisations:   Money Advice Service Impartial information and a wide range of tools from the Money Advice Service Link to Money Advice Service   Financial Ombudsman Service The Financ...

Can't pay your mortgage?

Factsheet,
Contact:
simon rex,
Last updated:
02 February 2018

If you have a mortgage you will be expected to make regular monthly payments to your lender. How much you pay will depend on the type of mortgage you have, the term of the loan and the rate of interest on it. If there are any changes in your own, or your household's circumst...

21st Century Welfare - DWP consultation

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

The BSA is supportive of proposals to streamline the benefits process and therefore support the principles for introducing a Universal Credit (UC). However, we are concerned with the impact that UC would have on the Support for Mortgage Interest (SMI) benefit. The proposal...

Forbearance and Impairment Provisions FSA Guidance Consultation

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

The BSA welcomes the publication of the guidance consultation and its intention to provide assistance to firms, in relation to dealing with forbearance and ensuring adequate reporting and provisioning of impaired accounts. However, we have a number of concerns with the...

FSA Mortgage Market Review DP 09/3

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

Summary of the Response 1. It is important that the Review recognises that in the context of the current financial crisis, the problems in the global and European and UK economies today are a result of liquidity and structural issues arising in global financial markets...

FSA Mortgage Market Review: Interest Only and Non deposit taking lenders

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

Whilst sharing the FSA's overall concerns about the impact of borrowers not having adequate repayment strategies, the BSA argues against the need for regulation in the area of interest only mortgages. We strongly oppose any moves for lenders to take on responsibility f...

Homes for Wales White Paper

Industry response,
Contact:
paul broadhead,
Last updated:
17 August 2012

We welcome the opportunity to comment on the Welsh Government’s first housing strategy. We support the holistic approach to housing taken in the White Paper and welcome further discussion as the Welsh Government moves to implement the proposals. We support improvements...

Money Advice Service and the coordination and provision of debt advice

Industry response,
Contact:
hilary mcvitty,
Last updated:
29 May 2012

The BSA is broadly in favour of the proposal to explicitly capture the coordination of debt advice within the remit of the Money Advice Service (MAS). However, we have concerns with proposal for these services to also be provided by MAS. We are concerned as to how pro...

Mortgage Market Review: Arrears Consultation CP10/2

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

On 26 January 2010, the FSA published the first consultation paper from the Mortgage Market Review discussion paper relating to arrears and approved persons (CP 10/2). The deadline for responses to the CP was 30 April 2010. The CP contains two parts, the first on c...

Mortgage Market Review: Full package of reforms CP 11/31

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

Executive Summary Affordability assessment • We have consistently agreed with the principle that all mortgage applications should be assessed on the applicant's ability to repay the loan. Borrowers should be required to provide accurate and genuine information about...

Support for Mortgage Interest: Informal Call for Evidence

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

The BSA welcomes the opportunity to respond to the call for evidence on Support for Mortgage Interest (SMI). The BSA has been calling for a review of SMI for some time now in letters to the Chancellor ahead of Budget statements, to the Treasury Select Committee during its ...

Technical Reforms of Council Tax

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

We recognise the desire to collect Council Tax where possible and so a review of the current exemptions is sensible. However, we are concerned that there has not been a detailed analysis of the impact of the proposal to collect Council Tax on repossessed homes and we do no...

Mortgages and housing

Page,
Contact:
simon rex,
Last updated:
24 July 2013