From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to for wider content and updates from UK Finance.


30 June 2016

Time: 6:00pm – 9:00pm
Venue: TLT, London
Price: £55 +VAT members
£99 +VAT associates
£129 +VAT non-members
CML Summer lecture

About this event

The CML's programme of evening lectures is growing in popularity, and we were pleased to confirm the London summer edition, which took place on 30 June.

This year's speaker was housing expert Lord David Willetts who gave his perspective on the UK market and how current conditions are affecting mortgage lending.

Lord Willetts has an extensive CV and, amongst other roles, is currently Executive Chair of the Resolution Foundation, a Visiting Professor at King's College London and a member of the Council of the Institute for Fiscal Studies. Author of 'The Pinch', he was also MP for Havant for 23 years, worked at HM Treasury and the Number 10 Policy Unit.

David's speech was followed by an opportunity for informal questions, discussion and networking whilst enjoying a free-flow of drinks and light refreshments.

Key takeaways from this event:

  • Home ownership still remains the tenure of choice
  • The preference of the majority is to own their own homes, however home-ownership is in decline. There is a wedge between aspiration and achievement.
  • House price growth has outpaced earnings over time
  • The time required to save for a deposit has grown from 3 years in 1997, to 22 years today
  • Many young people have been locked-out of ownership
  • There is a growing resignation from many that they will never own a home
  • Purchase costs, servicing mortgage debt and lack of access to products are key constraints.

Read our News and Views article 'Lenders need to ‘think creatively’ to sustain the home-ownership dream', written by Lord David Willetts.

Running order 

1800 - 1830


Welcome drinks

1830 - 1900


Keynote speech
Lord Willetts, Executive Chair, Resolution Foundation (author of The Pinch)

1900 - 2100


Networking - a free-flow of refreshments will be provided 

Keynote speaker:

Lord David Willetts

David Willetts is Executive Chair of the Resolution Foundation, a Visiting Professor at King’s College London, Governor of the Ditchley Foundation, Chair of the British Science Association and a member of the Council of the Institute for Fiscal Studies.

He was Minister for Universities and Science, attending Cabinet, from 2010-2014. He was the Member of Parliament for Havant from 1992-2015. Before that David worked at HM Treasury and the Number 10 Policy Unit. He also served as Paymaster General in the last Conservative Government. In August 2015 David was nominated for a life peerage in the House of Lords.

David has written widely on economic and social policy. His most recent book ‘The Pinch’ was published by Atlantic Books in 2010.





TLT LLP logo for 2016 event

TLT is an award-winning, commercial law firm; recognised by The Financial Times as one of Europe's most innovative and highly commended for its client service. The firm has a strong reputation for delivering expert legal advice innovatively, efficiently and cost-effectively. TLT has the capability to deliver legal advice across all three UK legal jurisdictions, with offices in Belfast, Bristol, Edinburgh, Glasgow, London and Manchester.




20 Gresham Street


Nearest tube stations: St Pauls (Central line), Bank (Central, Waterloo & City, Northern and District & Circle Lines (via Monument) and the DLR) and Moorgate (Hammersmith and City, Metropolitan, Circle and Northern lines)

Nearest mainline stations: Liverpool Street, Cannon Street, Fenchurch Street, Moorgate, Blackfriars and City Thames Link.

Bus details: The nearest bus routes are at Bank (11, 23, 26, 388), Moorgate (21, 43, 76, 133, 141), Cheapside (8, 25, 242) and London Wall (100).

Driving instructions: Please note that driving in Central London is subject to the congestion charge and all routes are exceptionally busy. Travelling by car is not recommended. Parking is limited and only available in 2 nearby NCP carparks: Q-Park Bucklesbury House & Barbican Centre 22 Legion.

Disabled car parking bays are located in Aldermanbury and Basinghall Street for Blue Badge holders (after 10am Monday to Friday and all day Saturday and Sunday). You can find out more about Blue Badge bays near Guildhall by visiting the Blue Badge London website.

Useful links:

Event resources

Presentations from the day are available below for attendees. Click on the links to download the presentations in pdf format. 

Contact us

Agi Donovan

Telephone: 0845 373 6771

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