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.


Published: 16 May 2012 | Author: Bernard Clarke

The CML has published its annual report for 2011, chronicling a challenging year in which there were numerous issues for the organisation to address.

In his introduction to the report, CML chairman Martijn van der Heijden said that UK lenders had shown a strong commitment to their customers against a backdrop of weaker than expected economic recovery, uncertainty in Europe and difficult funding conditions. In a difficult year, the CML itself had managed to grow, expanding its representation from 94% to 95% of the market.

Providing an overview of the mortgage market in 2011, CML director general Paul Smee said housing policy and regulatory reform had been the dominant themes. He thanked members and associates for their support since joining the CML in August last year, and staff for their work on policy, market coverage, external affairs, commercial activities and organisational management.

As well as providing detailed coverage of market developments in 2011, the report outlines the CML’s progress on the Financial Services Authority’s mortgage market review, regulation in Europe, funding housing in different tenures, legal issues and fraud, and other policy issues. The report also details CML achievements in other areas, including the production of market commentary and data, managing media coverage, lobbying and Parliamentary work, and commercial events.