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 www.ukfinance.org.uk for wider content and updates from UK Finance.

Please note this page is no longer being updated. Please go to the news area on the UK Finance website for the latest mortgage industry news. 

To continue to receive the latest industry news, please subscribe to UK Finance alerts on the UK Finance website. 

Finding funding: where are we now?

News

1 February 2011

For more than 40 months now, UK mortgage and housing markets have been suffering the fallout of the credit crunch, leaving lenders and borrowers to cope with a prolonged shortage of funding for home loans. Triggered by the collapse of wholesale markets, the crunch meant the abrupt closure of the market for UK residential mortgage-backed securities (RMBS) and covered bonds, a funding source that generated a net £78 billion in 2006, enough to finance more than 70% of net lending in that year.

Research focuses on plight of "second steppers"

News

1 February 2011

New research concludes that the average first-time buyer intends to stay in his or her home for four years, and that making a typical “second move” in the property market – from a flat to a semi-detached house – involves buying a home that costs 32% more than the one being sold.

2011: a flat year for the market, but a busy one for the CML

News

18 January 2011

Last month, we published forecasts for what we expect to be a flat housing market in 2011. If our prediction of 860,000 UK housing transactions this year proves to be correct, it will be the fourth successive year in which the number of property sales has hovered at around 900,000, or only about two-thirds of what we might expect to see in a more normally functioning market.

MPs backs lenders in Commons debate on MMR

News

18 January 2011

The mortgage market review (MMR) currently being conducted by the Financial Services Authority (FSA) should seek to promote competition in the mortgage market and innovation by lenders to serve the needs of a diverse and evolving customer base. That was what the Conservative MP Robert Syms told his colleagues after securing an adjournment debate on the MMR in the House of Commons earlier this week.

CML publishes 2011 market forecasts

News

15 December 2010

We publish our predictions for mortgage and housing markets in 2011. Our forecasts are based on the prevailing consensus among economists that the UK will avoid a “double dip” recession, but that economic activity next year will be uneven. While we expect growth in UK output of a little over 2% next year, the risks are mainly on the downside.

Largest mortgage lenders in 2009

News

8 September 2010

The publication of our list of the top 30 mortgage lenders in 2009 should be viewed in the context of broader developments affecting the UK mortgage market which, in the aftermath of the financial crisis, has contracted significantly and re-structured substantially.

CML market forecast update

News

12 August 2010

It is very difficult to forecast with a high degree of confidence at a time when there are so many variables which may impact in unexpected ways on the economy, consumer confidence (demand), business focus on this financial market (supply), and the evolving political and regulatory backdrop both in the UK and globally.

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