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Commercial Credit News
|CML and Which? report on progress towards greater mortgage transparency|
|Wednesday, 18 March 2015|
The Council of Mortgage Lenders (CML) and Which? today publish a joint progress report to the Chancellor of the Exchequer, as noted in today's Budget. This joint approach is to improve the information given to consumers so it’s easier to understand mortgage fees and charges and compare the overall cost of borrowing.
The organisations have made good progress, and most of the industry will have made the necessary changes by the end of the year. In July CML and Which? will publish firm proposals and a timeline for implementation.
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