Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-14-Speech-2-075"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2006-11-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Mortgage credit (debate)2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20061114.8.2-075"2
lpv:hasSubsequent	lp_eu:2006-11-14-Speech-2-0762
lpv:speaker	lp:Margarita Starkevičiūtė2
lpv:spokenAs	unknown; Liberalų ir centro sąjunga (2004-07-20--2009-07-13)3 substitute; BUDG (2004-07-22--2007-01-14)3 member; ECON (2004-07-21--2007-01-14)3 member; ALDE (2004-07-20--2009-07-13)3 member; Delegation for relations with Japan (2004-09-15--2007-03-13)3 substitute; Delegation for relations with Iran (2004-09-15--2007-03-13)3 member; CONT (2004-07-21--2007-01-14)3
lpv:translated text	". I would like to thank the rapporteur for a well drafted report and to emphasise the importance of the initiated discussion on a common European mortgage market. New needs in the mortgage sector are emerging due to the rapid integration of the EU labour and capital markets, and the development of the internal market. We think it is extremely important to duly assess the emerging challenges. First of all, there is a need to reduce the costs related to capital increase by creating a common market for mortgage financing and offering attractive and safe investment products. Secondly, there is a need to create favourable conditions for transition from the mortgage market of one country to that of another country in view of the increasing mobility of the labour force. Thirdly, there is a need to suitably organise the network of brokerage consulting services in order to provide the population with better choices and better access to more flexible and modern mortgage products. Fourthly, it is very important to enhance market transparency, as well as competitiveness, by unifying the payment procedures for various mortgage products and disclosing all costs related to the purchase of mortgage products. Acquisition of housing is one of the major and most significant life investments; therefore, the impact of all proposals must be thoroughly assessed and considered. Presently, mortgage crediting is mostly developed within domestic markets and is very fragmented, while development of a common mortgage market is considered to be a possibility for the banks to offer their mortgage products via their branches in other European Union countries. Therefore, the creation of a new mortgage market will be a serious and demanding challenge for all of us."@en1

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