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
An updated version of the industry guide for lenders and intermediaries on mortgage sales and servicing - Working Together - is being adopted today
The Council of Mortgage Lenders estimates that gross mortgage lending reached £22.5 billion in August
The figures cover the first full month of lending following the EU referendum
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