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.

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