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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Call for inputs on competition in the mortgage sector

Last updated: 21 Dec 2015

Consulting body:
Financial Conduct Authority
Period of consultation:
Runs from 7 October 2015 to 18 December 2015
CML action:
Response submitted

We have responded to the FCA's call for inputs on competition in the mortgage sector and note that, overall, the UK mortgage market is very competitive. There are thousands of different mortgages with varied features on offer, from well over a hundred lenders including new market entrants such as challenger banks.

This is a market where creditworthy borrowers can, on the whole, transact pretty freely. But there is always room even for competitive markets to be even more competitive.

Download our full response below.