On 1 July the Council of Mortgage Lenders integrated into a new trade association, UK Finance.
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.
For the time being, all UK Finance mortgage information will continue to be published on the CML’s website www.cml.org.uk. More information and updates on UK Finance is available on www.ukfinance.org.uk.
The full findings of this year’s English Housing Survey were published last week, showing housing market characteristics for 2015-16.
UK Finance estimates that gross mortgage lending reached £22.1 billion in June
We do not have a crystal ball. But it is certain that rates will eventually rise and, if market expectations are right, sooner rather than later.
On a non-seasonally adjusted basis, UK Finance data shows that mortgage lending in May rose
Research suggests "missing movers" account for about 320,000 of the annual housing transaction shortfall