An influential working party looking at reforms to the financing of stock transfer is to ditch government proposals it was mandated to consider.
A source close to the working party said the three proposed changes, outlined in March's PSA Plus review, are to be dropped because the market isn't interested in providing them.

They are: to set up a national joint venture company, to create a structured finance model and to create a capital aggregation vehicle (HT 13 June, page 15).

New models being considered by the committee include relaxing the need for stock transfer associations to be fully funded for 30 years, a stipulation that can make borrowing more expensive.

Source

Housing Today