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Please note this page is no longer being updated.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 responds to FSA mortgage review and calls for government emphasis on funding

28 January 2010

In two new separate but parallel policy papers, the Council of Mortgage Lenders today expresses support in principle for some of the regulatory reform proposed by the FSA under its mortgage market review. At the same time, the CML believes that such reform needs to be accompanied by a clearer government strategy in relation to mortgage funding. Conduct of business reform may be effectively irrelevant for the foreseeable future if the mortgage market shrinks due to unaddressed structural vulnerabilities in the mortgage funding markets.

CML reaction to FSA on arrears and approved persons

26 January 2010

The Council of Mortgage Lenders broadly agrees with the proposals on arrears handling put forward today by the Financial Services Authority, but will need to review the practical implications to ensure there are no unintended consequences.

Gross mortgage lending up 14% in December

21 January 2010

Gross mortgage lending reached an estimated £13.7 billion in December, a 14% rise from £12.1 billion in November, according to new data from the Council of Mortgage Lenders

Proportion of income needed for new mortgages at five-year low

14 January 2010

Home buyers are experiencing a five-year low on the percentage of their income needed to cover mortgage interest payments.

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