Those who make the best submissions will get the chance to present them to an audience of senior mortgage industry professionals at the CML annual conference in November.
Following the success of last year’s ‘rising stars’ challenge, entrants are being asked to address the question “If lenders want to help my generation, they should…”
But although the challenge is for ideas to help younger borrowers, there is no age limit for entrants and entry is not restricted to those from the lending industry. The CML will accept entries from people working alongside lenders, or from commentators, journalists and others outside the industry.
More details of the challenge can be found on the CML website. Entrants can submit up to three proposals by the deadline of 4 September. The best will be invited to present their proposals to the CML annual conference in London on 10 November. The ideas will be voted on by a judging panel and the wider conference audience.
Among the judges will be last year’s ‘rising star’ winner Michael Rhodes, of Leeds Building Society. Michael impressed the judges with his proposal for a mortgage builder scheme, an incentivised long-term savings plan to overcome the problem of raising a deposit for first-time buyers.
