Latest News Headlines
Commercial Credit News
|Retirement borrowing - we could do better, even if we can't do perfect|
|Wednesday, 30 September 2015|
In a new blog post today <http://www.cml.org.uk/news/would-a-great-outcome-for-98-be-good-enough/> , CML chairman Moray McDonald looks at what has been done by lenders, builders, the government, regulators to help older borrowers. His report concludes: could do better!
The challenges associated with retirement borrowing have grown with larger numbers of borrowers taking out their first mortgage later in life and more people borrowing over a longer term. Some may get help from the bank of mum and dad – but that doesn’t necessarily work well, Moray argues. Few older borrowers move, and so opportunities to recycle housing assets and release equity may not emerge. And greater uncertainty about retirement age and income – and new pension reforms – have made the picture more complicated.
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197