Press releases and events

CML welcomes rate cut

CML logo for press releasesCML logo for press releases

Wednesday, 08, Oct 2008 12:00

The Council of Mortgage Lenders welcomes the half-point cut in interest rates announced today by the Bank of England.

CML director general Michael Coogan said:

"Today's package of bank funding and capital measures is further strengthened by this rate cut. Not only are the tripartite authorities now pulling together decisively to address domestic confidence, but international central bankers are also collaborating much more effectively on their position. All this decisive action augurs well for an improving market situation looking ahead, even though no one is pretending the tough times are over yet."

NOTES TO EDITORS

1. The Council of Mortgage Lenders' members are banks, building societies and other lenders who together undertake around 98% of all residential mortgage lending in the UK. There are 11.74 million mortgages in the UK, with loans worth over £1.2 trillion

CONTACT

Sue Anderson – 020 7438 8924

Bernard Clarke – 020 7438 8923

Sarah Robson – 020 7438 8922

NIGHT/WEEKEND CALLS ONLY

Sue Anderson – 07983 388755

Bernard Clarke – 07983 388672

Sarah Robson - 07983 388764

CML PRESS OFFICE

Disclaimer:
Press releases published on this page are from key opinion formers who promote their organisation's activities by subscribing to a campaign site within politics.co.uk. politics.co.uk does not endorse, edit, or attempt to balance the opinions expressed on this page. The content of press releases are wholly the responsibility of the originating company or organisation.

Latest press releases

CML reaffirms its commitment to work with Government on minimising possessions

The Council of Mortgage Lenders is pleased that the Government has today acknowledged it has an increased role to play in helping lenders to minimise repossessions.

CML director general addresses annual conference

I have fifteen minutes in which to describe the events in the most momentous year ever in the UK financial services sector. The housing and mortgage markets have been daily news, and centre stage in politicians’ minds and actions.

CML helping lenders to meet FSA expectations on arrears handling

The Council of Mortgage Lenders points out that lenders are already undertaking the critical assessments that the FSA expects, using the CML industry guidance published last month.

CML: Mortgage lending declines in third quarter: CML Scotland

The downturn in mortgage lending continued in the third quarter with 15,100 house purchase loans granted in Scotland, an 18% decline from the previous quarter, according to new data from the Council of Mortgage Lenders Scotland.