CML publish their annual review

December 21, 2016

The Council of Mortgage lenders (CML) recently published its annual member review, reporting on a busy year representing the interests of 136 firms that advance and administer 97% of the UK’s mortgages.

Their report started: In a politically turbulent year, the mortgage market was open for business, and lenders remained well funded and capitalised. Lending grew in 2016 and, in a competitive market, borrowing rates fell to a historical low point against the backdrop of a cut in Bank rate in August – the first change in official rates in seven years.

The review reports a 56% growth in lending by challenger banks and specialist lenders, while building societies and banks increased activity by 9% and 5% respectively.

To read the CML annual member review in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Coastal and sea front property
Breaking News

Homebuyer happiness comes at a premium

The latest research from over-50s property specialists, Regency Living, has revealed that the happiest homebuyers in Britain are those living in the countryside or by the coast. However, this lifestyle satisfaction comes at a cost. as both carry a significant house price premium compared to living in a city. Regency Living analysed average house prices…
Read More →
Breaking News

Overall momentum stalls, despite underlying growth

Poor major project performance contributes to an overall downturn in project starts (-17%) compared to 2024 levels, however underlying activity remains resilient Overall main contract awards continue to decline, with a 26% decrease against the preceding three month, falling 39% compared to last year Detailed planning approvals dive 55% when measured against the previous three…
Read More →
Breaking News

£43,078 decrease in average to market price of newbuild properties in the East Midlands since July 2024

Average house prices for new instructions regarding newbuild properties being marketed in the East Midlands have dipped by £43,078 in the period between July 2024 to July 2025.       Elsewhere across the UK, year on year as of July 2025, the North East saw instructions for newbuild properties dropping by £37,123, and in the South…
Read More →
Estate Agent Talk

Hipster hotspots drive market activity south of the river

The latest research from leading London lettings and estate agent, Benham and Reeves, has revealed that while more homes have sold north of the River Thames over the last 12 months, it’s south of the river that is seeing more homes sold on average per borough, driven by the popularity of hipster hotspots such as…
Read More →
Estate Agent Talk

Yarmouth named the UK’s most prestigious marina

The latest research from eXp UK has found that living close to some of the nation’s most idyllic marinas comes at a significant cost, with Yarmouth Harbour topping the list for the highest house price premium in the country at 61.3% eXp UK analysed the housing markets surrounding 21 of the UK’s most picturesque marinas…
Read More →
LIVING BY THE SEASIDE 2022
Breaking News

Whitby crowned most exclusive coastal location

The latest research from Yopa has revealed that while Brighton in the South East is home to the highest monthly coastal mortgage cost, it’s Whitby in North Yorkshire that commands the highest premium when compared to the wider region, with the average monthly mortgage sitting payment 33.7% higher than the Yorkshire and the Humber average.…
Read More →