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.

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New research prompts CML to urge FSA to announce responsible lending reconsultation

4 November 2010

At the launch today of two major pieces of independent research on the potential impact of the FSA's responsible lending proposals, we called on the FSA to make an early announcement before the consultation deadline that it will reconsult on a new draft of responsible lending rules.

Working Together - a New Industry Guide

22 October 2010

A new industry guide, jointly published today by the Association of Mortgage Intermediaries (AMI), the CML and the Intermediary Mortgage Lenders Association (IMLA), brings greater clarity and transparency on how lenders and intermediaries work together on mortgage sales and administration.

CML welcomes further reprieve on support for mortgage interest

20 October 2010

The reduced 13 week waiting period and temporary £200,000 mortgage threshold for Support for Mortgage Interest got a temporary reprieve to January 2012 in the comprehensive spending review, a £90 million spending decision that we welcome.

September 2010 gross mortgage lending

20 October 2010

Gross mortgage lending totalled an estimated £12 billion in September, down 1% from £12.1 billion in August and down 7% from September last year.

Only a quarter of all new home loans in August were for remortgage

12 October 2010

Remortgaging accounted for only 25% of loans in August, the lowest proportion in over 10 years.

CML urges government not to cut ISMI further

1 October 2010

Cutting ISMI payments by 40% will put the finances of all benefit recipients under greater pressure. The CML urges the government not to cut ISMI further and, in particular, to keep the 13-week qualifying period.

CML responds to FSA on interest-only mortgages

30 September 2010

The CML today responded to the FSA on its proposals for interest-only mortgages. It argued that lender oversight of these loans should be reinforced, but without imposing unacceptable costs and requirements on firms and borrowers.

Who cares about housing? Everyone, finds CML survey

22 September 2010

Virtually everyone believes that the UK has housing problems, according to new research undertaken for the Council of Mortgage Lenders by YouGov.

Bank of England analysis on the price of lending - CML comment

20 September 2010

The Council of Mortgage Lenders welcomes today's analysis by the Bank of England of the influences on the pricing of new lending. The article itself clearly makes the point that the factors influencing pricing are many and complex.

Gross mortgage lending declines in August

20 September 2010

Gross mortgage lending declined to an estimated £11.4 billion in August, according to new data from the Council of Mortgage Lenders.