Matthew Wyles, group distribution director of Nationwide has been appointed chairman of the Council of Mortgage Lenders for 2009.
Martijn van der Heijden, head of mortgages at HSBC, and John Heron, managing director of Paragon Mortgages, have been appointed as deputy chairmen.
Wyles, says: “The UK mortgage market will be facing some uniquely challenging trading conditions during 2009 but the lenders are resolutely committed to working together to address them.
“Through the CML, we will be acting collectively to support the government and the financial authorities as the economy edges through recession towards recovery.
“The CML’s priorities for this year are to help minimise repossessions, improve our collective ability to fund the mortgages our customers want and to rebuild confidence in the housing market.”