Gross mortgage lending overall in 2016 totalled £245 billion according to CML

Yesterday 20th June 2017 the Council of Mortgage Lenders (CML) published  data showing mortgage lending by CML members in 2016.

Gross lending overall in 2016 totalled £245 billion, up 11% on 2015, which was a slightly higher rate of market growth than the 9% seen in the preceding year.

The 10 largest firms continue to undertake the bulk of lending, while smaller players made a major contribution to lending growth. However, the past two years have seen some different movements amongst these smaller peer groups.

In 2015, medium-sized lenders saw particularly strong growth, with a 56% increase in annual lending volumes. They accounted for 12% of total lending, compared to 8% in the preceding year. In 2016, however, these medium-sized lenders saw a gentler rate of growth, and it was the turn of those in the next tier down – those ranked 21-30 by volume of lending – to forge ahead. These firms saw lending volumes grow by 60% in aggregate.

Read the CML report including data and tables 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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