The Council of Mortgage Lenders has appointed Bradford & Bingley group chief executive Steven Crawshaw as chairman.
He succeeds Jon Pain, former managing director of Cheltenham and Gloucester.
Meanwhile, Mark Parsons, managing director of home finance at Barclays, and Richard Brown, managing director of Bank of Ireland Personal Lending, become this year’s deputy chairmen.
Crawshaw has held his role at Bradford & Bingley since March 2004 after joining Bradford & Bingley Building Society in 1999 as flotation programme director. He previously spent eight years at Cheltenham & Gloucester and Lloyds TSB.
He says: “While the fallout from the credit crunch has been well documented, let’s not forget the strengths of the UK mortgage marketplace. The UK boasts a competitive and innovative mortgage market which currently helps over 11.8m households.
“Looking ahead, 2008 will be an uncertain year for the mortgage industry and lenders will continue to respond to funding constraints. But it is entirely possible that the market will recover sooner than expected.
“One of the CML’s main challenges this year will be making sense of the aftermath of the 2007 events and ensuring policymakers and commentators are accurately informed on the market environment as it evolves.”
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