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The UK mortgage market taking a longer-term view

By: Language: English Publication details: London TSO 2004Uniform titles:
  • The Miles review
Subject(s): LOC classification:
  • 332.63244
Online resources: Summary: 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.

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.