How have building societies fared since the onset of credit crunch? Mutually-owned lenders have been championed as more reliable and consumer-friendly than the troubled banking sector. But have they not also faced extra pressures, including excessive regulatory intervention and the requirement to shoulder an unfair burden in financial compensation obligations?
Read the whole article here.
Article by the Council of Mortgage Lenders.
Data partially sourced from the CML/BankSearch Regulated Mortgage Survey.