The UK mortgage market taking a longer-term view

Miles, David

The UK mortgage market taking a longer-term view - London TSO 2004

The final report of the Miles review investigates ways to improve the UK mortgage market. Section one sets out the scope of the review; section two considers optimal mortgage choice; section three summarises the potential macroeconomic implications of more long term fixed lending; and sections four to seven outline recommendations. The recommendations fall into two groups: those aimed at improving advice and information that borrowers receive and at creating a fairer pricing structure; and those aimed at helping lenders fund mortgages and handle risk in the most cost effective way. Annexes include a guide to giving mortgage advice and a statistical analysis of base rate changes. References. View at www.hm-treasury.gov.uk.


FIXED-RATE MORTGAGES
MILES REVIEW
MORTGAGE MARKET
MORTGAGE LENDERS
PRICING STRUCTURE

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