JSMedia – The figures from the Council of Mortgage Lenders (CML) represent the industry. Its members are banks, building societies, specialist lenders, and other financial institutions, and account for 95% of the total UK mortgage lending market. The statistics are presented in tables and graphs to illustrate the industry’s performance. To make a more informed decision, it is helpful to understand the figures and the reasons behind them.
The figures from the Council of Mortgage Lenders show that overall mortgage lending is increasing at an annual rate of 2.2 per cent. In fact, it has been increasing every year since 2010. The top five mortgage lenders make up almost sixty percent of the market. Of this market, the top five lenders accounted for 84 percent of total gross mortgage lending in 2019. According to the figures from the Council of the Lenders, the Lloyds Banking Group (LBG) has the largest share, with a gross mortgage loan portfolio of 46 billion British pounds. The total outstanding mortgage lending market in the UK is estimated at 1.5 trillion British pounds, and the top five accounts for more than 60% of this amount.
The figures from the ONS show that mortgage lending has increased by 1.8 per cent annually since 2010. The top five mortgage lenders currently account for around sixty percent of the market. In terms of the size of the market, the top five lenders accounted for more than half of the total. However, some lenders do not allow the data to be shared. These institutions are not allowed to release the figures to third parties. This is why the figures from the Council of Mortgage Lenders are so important for all consumers.
Mortgage Claims Guide, The Latest Figures From the Council of Mortgage Lenders
Another useful source of mortgage data is the Council of Mortgage Lenders. The UK’s housing market is improving at an annual rate. The amount of new mortgage loans has reached a two-year high. The figures also show that the number of remortgaging homeowners has reached an all-time high. In the United Kingdom, many homeowners are now seeking equity release in their homes, which is a good sign that the housing market is recovering.
The UK’s housing market is recovering slowly but remortgaging activity has reached a two-year high. While the overall economy is still struggling, the UK is still relatively stable. The UK remortgaging market has seen an increase in the past year. Meanwhile, the UK’s mortgage lending has been at its highest level for more than a decade, and it is currently a good indicator for the housing market.