The Council of Mortgage Lenders (CML) is the trade association for UK residential mortgage lenders.
We represent a mix of banks, building societies, and non-deposit taking lenders. Our members account for 95% of all residential mortgage lending in the UK, and have £1.28 trillion of lending outstanding to around 11 million households.
Our purpose is to represent mortgage lenders and promote sustainable housing finance in the UK. We are the main representative voice for the residential mortgage lending industry, and the central provider of economic, statistical, legal, research and other market information.
We are always happy to help parliamentarians with queries on the mortgage market. We distribute a regular parliamentary newsletter, Housing finance at a Glance. And we run informal briefing lunches in the House of Commons for backbench MPs to discuss current market issues. If you have a mortgage market query or would like any information on our work, please contact our public affairs manager Michelle Vosper, or visit our website www.cml.org.uk
The Council of Mortgage Lenders has today launched a new animated version of its election manifesto, aimed at political parties ahead of the forthcoming General Election.
CML's manifesto for the general election highlights the decisions and actions that politicians should take to deliver effective housing solutions for the future.
The number of properties taken into possession by lenders declined to 21,000 last year – 26% fewer than in 2013, and the lowest number since 2006.
Mortgage lending grew robustly last year, according to data we published this week – with activity by first-time buyers and buy-to-let investors leading the way.
With housing affordability proving to be a major constraint for many would-be owner occupiers, could shared ownership play a bigger role in meeting the UK’s future housing needs?