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 CML supports the switching principles but questions whether a 7-day target is realistic for the mortgage market
The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.5 billion in April
Home-owners borrowed £13.8bn for house purchase, up 59% month-on-month and 60% year-on-year
The Council of Mortgage Lenders is pleased to note the FCA's assessment that firms have positively applied responsible lending requirements
For the first time in more than a decade, the number of mortgages in arrears of 2.5% or more fell below the 100,000 mark