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 £1.25 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 quarterly parliamentary newsletter, Housing finance at a Glance, to all MPs and peers that have a specific interest in housing issues. And we run informal briefing lunches in the House of Commons for backbench MPs and peers 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
Gross mortgage lending held steady in July and was an estimated £21.4 billion
The number of mortgages in arrears continued to fall in the second quarter of this year
First-time buyers borrowed £5.5bn, up 28% on May and 25% on June last year
Council of Mortgage Lenders director general Paul Smee has commented on today’s MPC announcement of a cut in Bank rate.
The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in May