Gross mortgage lending in November fell to its lowest figure since 2000 at an estimated £11.1bn, according to the CML.
The outlook for mortgage lending is likely to stay subdued, according to Council of Mortgage Lender chairman Matthew Wyles speaking at the trade body's conference today.
The FSA will recruit 30 more lawyers and investigators to combat commercial crime, even as it faces being broken up, according to reports.
Mortgage lending fell between March and April, according to the Bank of England's latest Trends in Lending report.
Sammon Mortgage Management, a new mortgage brokerage, has launched to service clients in Central and Greater London.
Seasonal factors are being attributed to a 5% boost in gross mortgage lending in October.