Mortgage advisers and lenders could be required over the next few years to disclose charges, early repayment fees and additional data upfront in a manner similar to that imposed under depolarisation.
An EU Commission report discussing the possible integration of the mortgage credit market - entitled The Integration of the EU Mortgage Credit Markets - looks in detail at the cross-border capability of the mortgage market to propose further protection for the consumer and open competitiveness and funding to the entire EU mortgage sector. Written by the EU Forum Group, the report proposes the mortgage sector should be harmonised in issues relating to consumer confidence, legal issues, collateral issues, distribution and finance in order to ensure all borrowers have access to similar info...
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