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.

Please note this page is no longer being updated.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. 

Movers spend lowest ever average proportion of income on their mortgages

12 July 2010

Borrowers moving home in May saw their mortgage interest payments accounting for the lowest proportion of their income in 35 years.

CML responds to FSA policy announcements

25 June 2010

We respond to the FSA's policy statements on arrears, approved persons, and sale and rent back, and look ahead to the next steps in the FSA's mortgage market review.

CML urges Treasury to grasp opportunity to improve building society prospects

24 June 2010

We have responded to the Treasury consultation on building society capital, urging that the government considers capital issues alongside regulatory and funding issues, to allow building societies to play their role in the restoration of a healthy and competitive mortgage market.

CML initial reaction to Budget

22 June 2010

We respond pragmatically to a Budget that will impact on the housing market, but which contains few surprises given the wide trailing of the "tough measures" that the Chancellor imposed.

Gross mortgage lending up 7% in May

18 June 2010

Gross mortgage lending totalled an estimated £11.3 billion in May, according to new data from the Council of Mortgage Lenders.

CML comment on mortgage lending cap speculation

16 June 2010

The Council of Mortgage Lenders responds to today's speculation that the Chancellor is set to announce new Bank of England powers to impose limits on the type of mortgage lending that lenders will be able to undertake.

Lowest share of house purchase market for first-time buyers since 2007

15 June 2010

First-time buyers made up the lowest proportion of house purchase loans since September 2007, accounting for 35% of all house purchase mortgages, down from 39% in March and 38% in April 2009.

CML warns of downside risk on lending forecasts

2 June 2010

Responding to today's Bank of England lending data, the CML warned that there were now 'downside risks' on its current forecasts for 2010 of £150 billion gross mortgage lending and £15 billion net lending.

A slow start to 2010 in Scotland

27 May 2010

House purchase lending in Scotland mirrored the rest of the UK by falling 33% in the first three months of 2010.

CML publishes April gross mortgage lending data and calls for funding issues to be addressed

21 May 2010

Gross mortgage lending declined to an estimated £10.2 billion in April, down 12% from £11.6 billion in March and 1% from £10.3 billion in April 2009, according to new data from the Council of Mortgage Lenders.

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