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Please note this page is no longer being updated.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. 

March sees continued growth in house purchase activity

17 May 2010

House purchase lending increased by 45% year on year in March, making it the ninth consecutive month of year-on-year growth, according to figures released today by the Council of Mortgage Lenders. Remortgaging, however, was 29% down year on year, the 23rd consecutive annual fall.

Arrears and repossessions down, but vulnerability remains

13 May 2010

The number of mortgages in arrears and the number of repossessions both fell in the first quarter of 2010, according to the Council of Mortgage Lenders. But, this welcome decline gives no cause for complacency as a large number of households, who are just coping, still remain vulnerable to shocks that may arise from the economic uncertainty ahead.

Buy-to-let activity settles after stamp duty holiday

13 May 2010

CML figures show that buy-to-let activity has settled again after the stamp duty holiday triggered a modest upturn at the end of last year.

Gross mortgage lending up 24% in March

19 April 2010

Gross mortgage lending was an estimated £11.5 billion in March, a 24% rise from £9.3 billion in February and a 3% rise from £11.2 billion in March 2009, according to data published today by the Council of Mortgage Lenders

Mortgage market saw modest recovery in February

13 April 2010

There were 35,000 loans for house purchase in February 2010, up 12% from January. First-time buyer numbers rose 13% to 12,600 and loans to home movers rose 11% to 22,600. Remortgaging numbers were up 2% to 24,000 though remain weak and we expect this weakness to continue for some time.

CML comments on Bank of England mortgage data

29 March 2010

New mortgage rates continued to fall in February while stock rates remained stable, and volumes were in line with CML forecasts.

CML response to 2010 Budget

24 March 2010

The Council of Mortgage Lenders cautiously welcomes the Stamp Duty concession for first-time buyers, but warns that there will be genuine practical barriers to effective implementation.

February gross mortgage lending

18 March 2010

Gross mortgage lending in February increased to an estimated £9.2 billion, a 6% rise from £8.7 billion in January, according to new data published by the Council of Mortgage Lenders.

CML welcomes new regulatory framework for social housing

16 March 2010

The Council of Mortgage Lenders welcomes today?s publication by the Tenant Services Authority (TSA) of its new regulatory framework for the social housing sector in England.

January cheaper property sales hit by end of stamp duty holiday

12 March 2010

Data for January 2010 shows that the end of the stamp duty holiday in December 2009 affected loans for house purchase more than loans for remortgage.

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