The Council of Mortgage Lenders (CML) is the trade association for UK residential mortgage lenders.
We represent a mix of banks, building societies, and non-deposit taking lenders. Our members account for 95% of all residential mortgage lending in the UK, and have £1.25 trillion of lending outstanding to around 11 million households.
Our purpose is to represent mortgage lenders and promote sustainable housing finance in the UK. We are the main representative voice for the residential mortgage lending industry, and the central provider of economic, statistical, legal, research and other market information.
We are always happy to help parliamentarians with queries on the mortgage market. We distribute a quarterly parliamentary newsletter, Housing finance at a Glance, to all MPs and peers that have a specific interest in housing issues. And we run informal briefing lunches in the House of Commons for backbench MPs and peers to discuss current market issues. If you have a mortgage market query or would like any information on our work, please contact our public affairs manager Michelle Vosper, or visit our website www.cml.org.uk
The Council of Mortgage Lenders has responded to the Scottish Parliament Finance Committee proposal to levy a 3% Land and Buildings Transaction Tax (LBTT) supplement on purchases of second properties.
Responding to the HM Treasury consultation on the 3% surcharge on Stamp Duty Land Tax (SDLT) proposals for second properties, the Council of Mortgage Lenders urges reform of the implementation plans, to mitigate potentially negative impacts on the housing market as a whole.
Home-owner house purchase lending totalled £10.7bn in November, down 9% on October but up 18% on November 2014.
The Council of Mortgage Lending has responded to today's consultation by HM Treasury on potential powers of direction for the Bank of England's Financial Policy Committee over the buy-to-let mortgage market.
The Council of Mortgage Lending have released new figures on house purchase lending in October 2015.