CML annual report 2009

Our 2009 annual report reflects upon a year in which lenders began the process of recovery, following the seismic events of the previous 12 months. But it was also a year of challenges for the industry with a funding shortage, a lack of active lenders and a deep recession that was expected to trigger a rise in arrears and possessions.

The report also records a challenging media environment for lenders. And there was increasing political scrutiny of the industry as we began the long run-up to a general election in 2010.

Generally, however, it was a year of slow but steady improvement. The report concludes that the industry ended the year in better shape than 12 months earlier, and that lenders could look to the future with greater confidence.

The full report can be downloaded from the link below.