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

Breaking News

203,000 homes owned by international homeowners

203,000 homes across England and Wales owned by international homeowners, with London accounting for 34% The latest market analysis by Enness Global has revealed that almost 203,000 homes across England and Wales are owned by international homeowners, with London home to the highest proportion at 34%, while Hong Kong, Singapore, the USA, the UAE and…
Read More →
Rightmove logo
Breaking News

Autumn Budget doesn’t dampen commercial property outlook for 2026

Demand in both leasing and investment remained in largely positive territory, despite Budget uncertainty Industrial sector continued to lead the way with demand to lease up  11% year on year and demand to invest up 12% 2026 outlook shows positive signs alongside predicted interest rate cuts Demand in terms of both leasing and investment for commercial…
Read More →
How to add value to your home
Breaking News

Stabilising house prices and falling mortgage rates offer renewed hope for first-time buyers

Propertymark says forecasts of modest house price growth in 2026, alongside falling mortgage rates, point towards a housing market that is beginning to stabilise, offering renewed hope for first-time buyers, while wider affordability challenges remain. As lenders continue to reduce mortgage rates following improved market conditions, monthly repayments are becoming more manageable for aspiring homeowners.…
Read More →
Breaking News

Inheritance tax receipts rise as government performs partial U-turn on relief rules

Inheritance tax (IHT) receipts reached £6.6 billion in the first nine months of the 2025/26 tax year, according to data released by HM Revenue & Customs (HMRC) this morning. That figure is £200 million higher than the same period last year and continues a steady upward trend that has persisted for more than two decades.…
Read More →
Breaking News

Breaking Property News 22/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X. Why are most proptechs Unsaleable? Structural issues rooted in how proptechs are conceived, built, and taken to market stops an exit or IPO   (Thought Leadership by Andrew Stanton CEO Proptech-PR) The proptech sector has matured rapidly over the past decade. Capital has flowed in, incumbents have launched…
Read More →
Breaking News

Nationwide extends six times lending to home movers and remortgage

Nationwide enhances support for people looking to move up the property ladder or get a new mortgage deal Five-fold increase in Nationwide loans to first-time buyers at or above 5.5x income in 2025, compared to 2024 Increased first-time buyer support follows regulatory changes to improve affordability Nationwide is today announcing a major boost to the…
Read More →