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.

  1. Home
  2. News
  3. Press releases
  4. CML members vote in favour of trade body merger

CML members vote in favour of trade body merger

Published: 7 April 2016

Members of the Council of Mortgage Lenders have voted in favour of the proposal to form part of the new proposed trade association for financial services firms; incorporating the activities currently undertaken by the CML, the British Bankers' Association, Payments UK, and the UK Cards Association. 75% of CML members voted in favour of the proposal.

This decision is subject to a range of conditions being met, in terms of the final form and operating plans of the body. Once the members of all the trade bodies have completed their own decision-making processes, if all the trade bodies agree on the proposal to amalgamate, the Financial Services Trade Association Review team will in due course make further announcements on the operational aspects of the integration.

Notes to editors

1. The Council of Mortgage Lenders' members are banks, building societies and other lenders who together undertake around 95% of all residential mortgage lending in the UK. There are 11.1 million mortgages in the UK, with loans worth over £1.3 trillion.

Contact us

Sue Anderson

020 7438 8924

Bernard Clarke

020 7438 8923

Gareth Hill

020 7438 8922