CML news & views

While we cannot be complacent about mortgage payment problems, our recent figures showed that arrears and possessions were lower than expected. So, why did that happen? And what does it tell use about future levels of arrears and possessions?

The decision to invest in property - rather than taking out a mortgage - is the main source of potential detriment for buy-to-let landlords.

Lending to first-time buyers reached its highest level for two years as borrowers sought to beat the stamp duty deadline. But the surge in lending in December will mean a slow start to the market in 2010.

We have recruited Evolution Securities as an associate, bringing the total to 74. Our 109 members now generate around 94% of UK mortgage lending.