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Pembrokeshire Coast National Park Authority Scrutiny Committee November 2012

Pembrokeshire Coast National Park Authority Scrutiny Committee November 2012. Peter Hughes Managing Director Principality Commercial Chair CML Cymru . Principality . A key player in the housing agenda – at the heart of what we do Scope of involvement:-

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Pembrokeshire Coast National Park Authority Scrutiny Committee November 2012

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  1. Pembrokeshire Coast National Park AuthorityScrutiny Committee November 2012 Peter Hughes Managing Director Principality Commercial Chair CML Cymru

  2. Principality • A key player in the housing agenda – at the heart of what we do • Scope of involvement:- • Lender to RSL sector in Wales – commitment c£200m • LCHO lender • Shared ownership • Homebuy • S106 lending • Affordable schemes with house builders • Likely participant in Newbuy • Other innovation • Welsh Housing Partnership • Ely Bridge Development Company • Close relationships with housing stakeholders in Wales • WLGA • Welsh Government • RSLs

  3. Attitudes of Private Sector to Affordable Housing • Principality extremely committed in its core areas. • Wider engagement more variable. Key elements:- • Fragmented approaches from various stakeholders = high due diligence • Differing agendas of Local Authority /areas • Multiplicity of S106 Agreements – many have onerous clauses • Scale – need to balance against system requirements • Individual site concentration limits • Emerging “conduct” agenda • In a perfect world initiatives need to be • Scalable • Joined up / more uniform • Less management intensive

  4. Challenges / Opportunities for Lenders - “In Tray” • New Regulatory / Supervisory Regime • Basel III – new capital standards / requirements • Higher liquidity standards • Sir John Vickers – Review of Banking Industry • Mortgage Market Review • Mixed messages – Politicians / Treasury / Bank / FSA / FCA • Forbearance • Euro Zone Crisis

  5. Royal Bank of Scotland 6.3% Bradford & Bingley 3.3% The UK Mortgage Market Other mortgage lenders’ share Government-owned share of the market 43.6% 56.4% Lloyds Group 28.6% Santander 13% Further structural changes e.g. break up to meet EUC concerns Nationwide BS 11.1% Barclays 6.7% HSBC 4.7% Bank of Ireland / Bristol and West 2.2% Northern Rock 5.4% Britannia 1.8% Yorkshire BS 1.3% GE Money Home Lending 1.2% Coventry BS 1.1% Clydesdale-Yorkshire 1% Others 12.9% Lenders continuing to grapple with “new world” Source = Thedata Ltd / CML

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