The Council of Mortgage Lenders, the Financial Conduct Authority and representatives from the Bank of England were among the parties which consulted with Harriett Baldwin, the Treasury’s economic secretary for the bi-annual Home Finance Forum.
The parties discussed how lenders could support younger borrowers through initiatives such as the Help to Buy ISA and older borrowers looking for finance later in life.
A series of reforms to promote mortgage transparency were discussed by the CML and Which? which they expect to announce to the industry this summer.
Speaking at the forum pensions minister Ros Altmann said: “We will continue to work with mortgage lenders to ensure their products and practices reflect changing societal realities such as the increased prevalence of later life working and secure private pension income through retirement.
“We want to ensure that people have fair access to mortgage finance when they need it.”
