The move aims to assist both lenders and their distribution partners prepare for the changing regulatory environment as the Mortgage Market Review progresses in 2011.
The Forum was established in November 2005 with support from lenders to offer mortgage intermediaries a free, single, neutral and highly practical source of information on outcome based regulation.
The TCF Lender Forum and www.tcfinfo.co.uk, the website dedicated to supporting intermediaries in treating customers fairly (TCF), is funded by 8 confirmed lenders.
The CML intends to use input from the Forum, chaired and organised by Frank Eve consulting, to strengthen its own policy work and include intermediaries in the consultation with responses due in February 2011 in the run up to the Mortgage Market Review.
Michael Coogan, director general of the CML, said: “With Frank Eve’s assistance, we are looking to build on the website’s success over the last few years to provide ongoing support to intermediaries at a difficult time for them in the market. We see the Forum as playing a potentially critical role in establishing more effective industry-wide collaboration on non-competitive issues of strategic importance, in parallel with our ongoing discussions with AMI.”
Frank Eve, the chairman of the TCF Lender Forum said: “The Forum will be extending an invitation to more intermediary groups to become “associates” and develop more research and discussion with the FSA and within the intermediary sector.”
He added: “I am pleased that the CML will be taking a closer interest in its future activities.”
