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
Paul Smee, director general of the Council of Mortgage Lenders, has responded to the Autumn Statement announcements.
The Council of Mortgage Lenders and Which? are today launching a new "tariff of mortgage charges" that will introduce a standard format for how lenders communicate their fees, to make it easier for customers to understand charges and compare deals.
The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.8 billion in October – 8% higher than September’s lending total of £20.1 billion.
Latest data from the Council of Mortgage Lenders show a continuing decline in arrears and repossessions stable in the third quarter of 2015.
The Council of Mortgage Lenders has released lending figures for Q3.