Brussels, 31 March 2011 – For immediate release
The European Commission has today published its ‘Proposal for a Directive on Credit Agreements Relating to Residential Property’. This follows 8 years of investigation by DG Internal Market & Services into EU mortgage markets and the mortgage lending business.
However, according to Mrs Annik Lambert, Secretary General of the European Mortgage Federation, the Industry still remains to be convinced that there is a business case for such an initiative.