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.

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CML responds to housing white paper

Published: 7 February 2017

The CML welcomes the publication of today's housing white paper, and looks forward to working with the government on measures seeking to increase the availability, affordability and choice of homes across different tenures.

  • In the owner-occupied sector, the CML stands ready to help the government deliver a more targeted starter homes scheme, intended to assist aspiring young owner-occupiers in overcoming some of the challenges of housing affordability. It also welcomes the government's support for developing shared ownership.
  • In the rental sector, the CML acknowledges the government's aspirations to make more longer-term tenancies available to provide stability for families. In recent times, lenders have shown an increasing appetite to advance mortgages to landlords who want to offer longer tenancies, and the CML is keen to assist the government as it works towards a market in which those renting can find a tenancy suited to their needs. 
  • The CML also welcomes the government's desire to encourage the development of modern methods of construction as a means of increasing housing supply and making homes more affordable. The lending industry is ready to help the construction sector to draw on technological developments to build homes that are durable and mortgageable in the long term.

Commenting on the white paper, CML director general Paul Smee said:

  Lenders already contribute to the funding of private and social rented housing, as well as owner-occupation, so we welcome and are comfortable with the cross-tenure approach in today's white paper. We are now ready to work with the government, and with members and others, on the detailed implementation of these proposals. We want to play our part in developing a coherent, long term plan to deliver more housing and help ensure that it is durable, affordable and in the locations and tenures that people want.



Notes to editors

1. The Council of Mortgage Lenders' members are banks, building societies and other lenders who together undertake around 97% of all residential mortgage lending in the UK. There are 11.1 million mortgages in the UK, with loans worth over £1.3 trillion.

2. The government's full housing white paper - Fixing our broken housing market - can be read on the website.

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