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Please note this page is no longer being updated.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. 

CML survey shows long-term desire for home-ownership stronger than ever

14 September 2010

Despite the credit crunch, and the knocks to consumer confidence of the past few years, more people than ever before want to be home-owners in the long term. This is one of the many findings of a consumer opinion survey undertaken by YouGov for the Council of Mortgage Lenders.

July sees continuing subdued mortgage market

13 September 2010

Demand for mortgages in July continued to be weak in what is traditionally a strong month.

Proportion of income needed for home-mover mortgages in Scotland lower than anywhere else in the UK

25 August 2010

Home movers in Scotland in the second quarter of 2010 needed to use less of their income to cover their mortgage interest than anywhere else in the UK. The proportion fell to 9.3, the lowest share since 1996 anywhere in the UK.

Gross mortgage lending up 5% in July

19 August 2010

Gross mortgage lending totalled an estimated £13.6 billion in July, a 5% increase from £12.9 billion in June, according to new data from the Council of Mortgage Lenders.

CML reports decline in arrears and repossessions

12 August 2010

Arrears and repossessions fall again, and CML revises down 2010 forecast of number of cases in difficulty.

CML reports second quarter buy-to-let results

12 August 2010

Continued slow growth in the buy-to-let mortgage market in the second quarter of 2010, but marginally less slow than in previous recent quarters.

Fixed rate mortgages gained in popularity in June

11 August 2010

48% of new borrowers took out a fixed rate mortgage in June, the highest proportion so far in 2010.

CML comments on Bank of England June 2010 mortgage data

29 July 2010

Today's Bank of England lending data for June confirms that a quiet mortgage market is set to remain into the autumn.

Gross mortgage lending up 15% in June

20 July 2010

Gross mortgage lending in June was an estimated £13.1 billion, according to new data from the Council of Mortgage Lenders.

CML responds to FSA responsible lending proposals

13 July 2010

In response to the FSA's consultation paper on responsible lending, the Council of Mortgage Lenders emphasises that the mortgage industry recognises the inevitability of regulatory change - but points out that there may also be unwelcome side effects for consumers from this process.

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