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
Today, we publish data showing the most active mortgage lenders in 2013.
We are urging that government plans to introduce free guidance for those about to retire should explicitly refer to outstanding debts, including mortgages.
We welcome government measures seeking to ensure that people in areas at risk of flooding are able to afford adequate insurance cover for their homes.
First-time buyers, movers and buy-to-let investors contributed to robust borrowing activity last month as gross mortgage advances reached an estimated £18.6 billion – the highest total for August since 2008.
The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.6 billion in August.