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.

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CML member review: market flourished in politically turbulent year


Published: 19 December 2016 | Author: Bernard Clarke

The CML has just published its annual member review, reporting on a busy year representing the interests of 136 firms that advance and administer 97% of the UK’s mortgages.

In a politically turbulent year, the mortgage market was open for business, and lenders remained well funded and capitalised. Lending grew in 2016 and, in a competitive market, borrowing rates fell to a historical low point against the backdrop of a cut in Bank rate in August – the first change in official rates in seven years.  

The review reports a 56% growth in lending by challenger banks and specialist lenders, while building societies and banks increased activity by 9% and 5% respectively. It also reports that:

  • In support of a competitive mortgage market, we worked closely with Which? on a new mortgage tariff to make its easier for customers to understand and compare lenders’ fees and charges. 
  • We collaborated with the Financial Conduct Authority (FCA) as it considered a review of competition in the market – a project that will form a major part of our work in 2017.
  • We represented lenders on a broad range of issues across tenures, including implementation of the European mortgage credit directive, and funding of the private rented and social housing sectors.
  • We re-instated a commissioned research function, publishing detailed reports on government housing schemes, the characteristics of residential landlords, tenure aspirations and shared ownership.
  • In Scotland, Wales and Northern Ireland – where devolved administrations increasingly determine housing policy – we represented the interest of lenders, and hosted a series of conferences and other events, including lunches and dinners.
  • In a febrile political atmosphere, we maintained strong working relationships with changing ministerial and shadow ministerial teams, as well as backbench MPs and peers – and continued to be viewed favourably by political contacts.
  • We also represented lenders in a high-profile media environment, publishing statistics, commentary, news and articles, and responding to media inquiries. Once again, personal finance journalists voted us number one for press relations in a poll covering 19 bodies, mostly financial services trade associations but also including the Bank of England and the FCA.
  • For members, we continued to provide a wealth of data and other information, and operated 40 committees and working groups scrutinising areas of interest to lenders.
  • We also ran a well-attended series of seminars, workshops and conferences, as well as our hugely popular showpiece events – the annual dinner, lunch and conference.

The review also lists all CML members and third party mortgage administrators, including 11 who signed up to join in 2016:


  1. CML member review 2016 (PDF 1.50MB)