Qualified advisers answering your
Financial Questions
call 0800 092 1245

CML reveals £300 billion mortgage funding shortfall

The Council of Mortgage Lenders (CML) has today confirmed that there will be a £300 billion funding shortfall in the mortgage market as a number of government backed financial initiatives come to an end. In the boom times the mortgage market in the UK more supported by various mortgage derivatives although this particular area of the investment arena has stalled of late and is yet to kickstart despite other areas of the market picking up.

As a consequence, lenders in the UK will have to find alternative sources for mortgage funding which will hold back any potential recovery in the UK property market. The size of the shortfall, rumoured to be around £300 billion, will shock many but clarifies the size and depth of the UK mortgage market in the boom times. It also highlights the fact that mortgage companies have in the past relied upon mortgage based derivatives to raise funds, although these were the type of instruments connected with the sub-prime property market collapse in the US.

It will be interesting to see how the UK government reacts to this announcement because without funding the UK property sector is unlikely to push too far ahead in the short to medium term.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details