The Council of Mortgage Lenders says it supports a new
regulator for the social housing sector, independent of the Homes and
Communities Agency. The CML says "independent and effective regulation is crucial
in safeguarding lender investment and in encouraging firms to continue to fund
the sector. The proposal to separate the regulator from the HCA and establish
it as a stand-alone non-departmental public body would be consistent with the
principles of better regulation. The funding of social and affordable housing
is becoming increasingly complex, which reinforces the case for a regulatory
body that is clearly independent". Read more on the Financial Reporter
website.
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