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 in June (not seasonally adjusted) showed a significant rise compared to the previous month, according to the Council of Mortgage Lenders.
Commenting on the recent publication of the thematic review of mortgage advice and distribution, the FCA acting director of supervision, Linda Woodall, welcomed the work undertaken by lenders and intermediaries in delivering mortgage advice.
Is there a risk that the buy-to-let sector may be taking too much of the rap for a wider policy failure to deliver adequate housing supply more generally?
Lending levels recovered in May compared to April, but were down compared to a year ago.
The CML welcomes the conclusion by the Financial Conduct Authority (FCA) in its thematic review of mortgage advice and distribution, published today, that it “did not identify systemic consumer detriment.”