Morning, Wednesday, 10th July 2019
THIS EVENT IS CPD CERTIFIED
This seminar will consider the future for the mortgage market in the UK, looking in particular at competition, innovation and lending practices.
It comes as the Help to Buy scheme comes under increasing scrutiny following concerns that the scheme has contributed to the inflation of house prices. Delegates will consider the future for the scheme and supporting access to mortgages for first time buyers as the Government is set to review Help to Buy contracts from 2021.
Attendees will also discuss lending practices in the sector more widely, looking at how lenders can best balance responsibility while also ensuring consumers have access to the financial services that they need.
Further sessions assess options for securing stability in the market following concerns about the substantial growth in loan-to-income ratios in recent decades and its impact on house prices - as well as how uncertainty resulting from Brexit is affecting the market.
The seminar is also timed as an opportunity to examine the FCA’s Mortgages Market Study, which is expected to include measures to support ‘mortgage prisoners’, improving consumer’s ability to compare mortgages and brokering services.
Delegates will consider what else may be needed from policymakers and regulators to increase competition in the market - as well as how the proposed broker comparison service should work in practice, and further options for supporting consumer choice and switching.
The agenda will also look at the future shape of the mortgage market in light of the increasing role of technology and its potential impact on consumers, lenders and intermediaries, as well as the commercial opportunities presented by new trends in consumer priorities and innovative products to serve changing demand.
We expect discussion on what more is needed from Government to support this growth - such as the proposals set out in the Clean Growth Strategy to work with lenders to develop new green mortgages.