"The Council of Mortgage Lenders (CML) is the trade association for UK residential mortgage lenders. Our 109 members are a mix of banks, building societies, and non-deposit taking lenders. Our members account for 95% of all UK residential mortgage lending, and have £1.2 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"
60% of the house purchase loans taken out in Northern Ireland in the first quarter of 2012 were to first-time buyers, according to new data released today from the Council of Mortgage Lenders in Northern Ireland. This was up from 58% in the final quarter of last year and the highest proportion since 2001.
As expected, the end of the stamp duty concession led to a surge in activity in the mortgage market in March, according to new data released today by the Council of Mortgage Lenders.
New buy-to-let lending in the first quarter of this year totalled £3.7 billion (32,300 loans), according to the Council of Mortgage Lenders.
The number of repossessions in the first quarter of 2012 was 9,600, the same as in the first quarter of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders.
Gross mortgage lending in March was an estimated £13.4 billion, according to the Council of Mortgage Lenders. This represents a 30% rise from £10.3 billion in February and a 17% rise from March 2011 (£11.4 billion).
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