CML Chairman addresses mortgage industry at the CML annual lunch
11 Apr 08
Speaking today at the Council of Mortgage Lenders’ annual lunch, CML Chairman Steven Crawshaw gave guests a hard-hitting look at the impact of the credit crunch on the UK mortgage market.
Calling on the Bank of England to inject further liquidity to help turnaround the ongoing process of shrinkage and attrition that is taking place under current difficult market conditions, he also pointed to the strenuous efforts that lenders are making to deliver mortgages to as many possible within the current funding constraints, and had some powerful messages for UK mortgage customers.
The full copy of his speech is below.
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 11.8 million mortgages in the UK, with loans worth over £1.2 trillion.
Documents
- Contact details
- Name: Sarah Robson
- Tel: 020 7438 8922
- Email:
- Name: Sue Anderson
- Tel: 020 7438 8924
- Email:
- Name: Bernard Clarke
- Tel: 020 7438 8923
- Email:
