Latest from the CML
UK mortgage market shows strong regional differences
CML data on lending in Scotland, Wales, Northern Ireland and London shows that each of these markets has its own unique characteristics, distinguishing it from the rest of the UK.
“The truth is we need more homes for sale, more homes for private rent and more sub-market homes for rent" - Gavin Barwell MP
A round-up of relevant parliamentary business during the week beginning 19 September 2016.
Updated lender/intermediary "Working Together" guide published
Launch of the third edition of the "Working Together" guide for lenders and intermediaries, reflecting the updated regulatory framework.
Late summer rise for gross mortgage lending in August
Gross mortgage lending is an estimated £22.5 billion in August. This is 7% higher than the previous month and a 15% increase on lending in August last year.
Market commentary September 2016
While hard economic data post-referendum remains scarce, surveys point to a recovery in sentiment. Our gross lending estimate for August is £22.5 billion, up 15% on a year ago.
Working together - industry guide to lender & intermediary accountabilities & responsibilities in mortgage sales & servicing
This guide has been fully revised and updated to reflect the changes made to the Mortgage Code of Business (MCOB) rules following the implementation of the Mortgage Credit Directive (MCD).
Statistic of the week
£22.5 billion - our estimate of gross mortgage lending for August. This is 7% higher than July’s lending total of £21.1 billionRead more...