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
CML estimates that gross mortgage lending reached £19.1 billion in July. This is 7% higher than June (£17.9 billion), 15% higher than July last year (£16.7 billion) and the highest monthly figure since August 2008 (£19.3 billion).
Mortgage arrears and possessions continued to fall in the second quarter of 2014, according to data published today by the Council of Mortgage Lenders.
The CML is delighted to announce that Paratus AMC Ltd has become a new member and Hitec (Laboratories) Ltd has become a new associate.
For the second month since the introduction of new mortgage rules, our data shows activity levels that are broadly similar to conditions that existed before the mortgage market review (MMR).
Have you ever had a great idea that would change the mortgage industry for the better?