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Please note this page is no longer being updated.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 publishes Budget submission

10 March 2010

The CML's submission to the Chancellor in advance of the 24 March Budget outlines the CML's key priorities as continuing support for borrowers in financial difficulties, and addressing the funding gap.

Scottish mortgage market recovering - but slower than UK as whole

24 February 2010

House purchase activity in Scotland continued to pick up in the last quarter of 2009.

Gross mortgage lending declined in January

18 February 2010

Gross mortgage lending declined to an estimated £9.1 billion in January, a 32% fall from £13.4 billion in December and a 21% fall from £11.5 billion in January 2009, according to the Council of Mortgage Lenders.

CML response urges Treasury not to regulate buy-to-let

15 February 2010

The Council of Mortgage Lenders has today responded formally to the Treasury's consultation on whether to extend the scope of mortgage regulation.

Stamp duty rush caused 2-year December high in first-time buyers

12 February 2010

The rush to buy properties in the £125,000 - £175,000 bracket before the year-end stamp duty concession expired, triggered a two year high on loans to first-time buyers

Buy-to-let lending in 2009

11 February 2010

New buy-to-let lending grew 9% in the last three months of 2009, an increase for the second consecutive quarter.

Mortgage arrears and possessions declined in fourth quarter of 2009

11 February 2010

Mortgage lenders took 10,200 properties into possession in the fourth quarter of 2009 - 13% lower than in the third quarter, and 2% down on the fourth quarter of 2008, according to the Council of Mortgage Lenders. This figure reflects the number of possessions taken by first charge lenders on both home-owner and buy-to-let mortgages.

Latest Bank mortgage lending figures may point to slower January

1 February 2010

The latest Bank of England mortgage data published today confirms the likelihood that there may have been a "bunching" of house purchase transactions in December to beat the stamp duty concession deadline.

CML welcomes publication of FSA rules on sale-and-rent-back

29 January 2010

The Council of Mortgage Lenders welcomed publication today of details of the full regime for regulation of the sale-and-rent-back market.

CML chairman and deputy chairmen elected for 2010

28 January 2010

Matthew Wyles continues as chairman while Martijn Van der Heijden is joined by Colin Shave as deputy chairmen

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