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
We are currently finalising submissions to the Basel Committee on consultations that could significantly disrupt parts of the UK mortgage market.
Affordable housing comprises 18% of the UK’s housing stock, and is substantially funded by CML members, both through direct investment and as providers of residential mortgages.
Long ago, life seemed so simple.
The Council of Mortgage Lenders estimates that gross mortgage lending reached £13.4 billion in February.
The CML and Which? today publish a joint progress report to the Chancellor of the Exchequer, as noted in today's Budget.