Integration a long way off

property

despite enlargement, europeans are reluctant to utilise skills of a foreign financial adviser

The recent enlargement of the EU is unlikely to speed up progress towards an integrated European mortgage market, the Council of Mortgage Lenders (CML) has claimed. Quoting research from KPMG, the CML said there is still considerable resistance among European consumers to foreign suppliers of financial services. KPMG found that consumers in the UK, Germany, the Netherlands and France are the least likely to choose a foreign supplier of financial services, with preference for a home-based company highest in the UK at 73%, compared with the European average of 68%. Tightening margins for UK...