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
Strong economic fundamentals have continued to underpin housing market sentiment and activity, since CML published market forecasts in late 2013.
The Government has released the full findings of this year’s English Housing Survey which shows housing market characteristics in 2012-13.
The Northern Ireland Repossessions Taskforce, a group of housing organisations and government departments including the CML, recently published its overview of the Northern Ireland housing market.
CML are delighted to announce that Harrods Bank Limited is the latest firm to become a member of the Council of Mortgage Lenders.
Subtle, but not dramatic – that was our verdict on the impact of the mortgage market review (MMR) when we published our lending data for May.