The report suggested that the measures to promote integration between the EU member states’ mortgage markets could be offset by the costs involved. While the organisation stated the need for further integration between markets, in an effort to push down prices to the levels of the lowest priced countries; achieving this could lead to organisations offsetting the costs involved in realising this move.
However, in an investigation into ‘the possible further integration of European mortgage markets’ Annik Lambert, secretary general at the EMF, said: “Increased integration of EU funding markets could, through cost reductions, improved capital management and increased competition, result in lower mortgage costs and higher product diversity for borrowers.”
Matt Grayson, head of PR at BM Solutions, said: “The European markets each have their own demographics. While some are similar, other are completely different. It would be very difficult to take a one size fits all approach.
I don’t think many UK lenders will be pushing for greater integration.”
