EU Commissioner Plans Mortgage Reform
Commissioner to cut bureaucracy and costs for cross-border home loans
14th February 2005
The European Internal Market Commissioner, Charlie McCreevy, has said that he intends to act on recommendations put forward to open up the cross-border home loan market.
The proposals, formulated by a forum group of financial experts, will cut bureaucracy and costs by removing layers of legislation and harmonising national laws concerning mortgage credit.
European mortgages are worth a collective £2.75 trillion, but only 1% of loans are cross border.
Read More: Money Guardian
|
More on European Union : Euromortgages Move a Step Closer (News, 22/07/2005), Plans for Smart Energy Meters Proposed (News, 07/06/2005), More Cash Promised for Broadband in Rural Wales (News, 01/06/2005), Europe Plans for Easier Cross-border Financial Services (News, 04/05/2005), Cheaper Female Insurance Reprieved (News, 04/01/2005), See all 8 European Union stories >>> |
Home - Mortgages
