Our member review highlights the key achievements, activities and challenges in what proved to be another eventful, but successful, year for the mortgage industry.
Our 2016 highlights:
- Despite political turbulence, the mortgage market achieved solid growth in 2016, with lenders well funded and capitalised.
- During the year, we reported growth in activity of 56% for challenger banks and specialist lenders, and 9% and 5% respectively for building societies and banks.
- Eleven new firms signed up with the CML, bringing the total number of members to 136.
- We worked with the consumer organisation Which? to make it easier for consumer to understand and compare lenders’ fees and charges.
- We represented lenders across tenures, with successful implementation of the European mortgage credit directive, and funding for private rented and social housing sectors.
- We re-instated a commissioned research function, publishing reports on government support for home-ownership, the characteristics of residential landlords, tenure aspirations and shared ownership.
- We maintained strong working relationships with changing ministerial and shadow ministerial teams, as well as backbench MPs and peers.
- We represented members in a high-profile media environment, publishing statistics, commentary, news and articles, with personal finance journalists again voting our press relations number one in a poll of 19 bodies, mostly financial services trade associations.
- We provided a wealth of data and information for members, and ran 40 committees and working groups covering areas of interest to lenders.
- We represented lenders’ interests in Scotland, Wales and Northern Ireland, where devolved administrations increasingly determine housing policy.
Download the full report below.