View more on these topics

Analysis: Time to salute the CML’s 25 years


The Council of Mortgage Lenders recently celebrated its 25th anniversary. The UK mortgage market is reported to have grown from a £67bn a year industry in its early days to £176bn in 2013 but with a 2007 peak totalling £363bn.

In  25 years, the industry is said to have advanced 23 million home loans and lent out over £3.8trn.

First-time buyers help illustrate this transition. Twenty-five years ago, first-time buyers would typi-cally borrow £29,000 to buy their home, 2.22 times gross annual household income and, on average, put down a deposit of £1,500. In June this year, an FTB typically borrowed £123,000 or 3.47 times their income and put down, on average, a deposit of £31,000.

The Association of Mortgage Intermediaries, the Intermediary Mortgage Lenders Association and the Building Societies Association and other specialist trade bodies continue to make their own impact within their sectors.

It appears an apt time to salute the impact made by the CML and these other bodies which continue to champion their markets, support firms, address regulatory concerns and ensure voices are heard in the right places. 


Buy-to-let Cover

Leader: Brokers offer redemption

Since April, this magazine has carried many stories stating that the Mortgage Market Review will benefit brokers and will result in more borrowers using the services of an intermediary. If there was ever a story to prove to consumers the value of seeking independent mortgage advice from a broker, then it was Royal Bank of […]


Shawbrook recruits tenth lending officer

Shawbrook has added a new lending officer to its commercial mortgages team. Joanna Hatch, the company’s tenth lending officer, joins Shawbrook having spent more than seven years at the Royal Bank of Scotland. She has worked in debt recovery and telephony positions, but spent the last three years working as an RBS commercial portfolio manager. Hatch says: […]


Rise in housing stock lowers sale prices

An increase in housing supply has resulted in two-thirds of homes selling for less than their asking price in July, new figures reveal. The National Association of Estate Agents reports an 11 per cent increase in the average number of properties for sale per branch in July – rising from 46 to 51 – the […]


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


News and expert analysis straight to your inbox

Sign up