There are striking differences in affordability for first time buyers across the UK as rapid house price rise makes it harder to borrow.
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Research from the CML shows the number of London home buyers has increased since the Brexit vote with affordability remaining unchanged.
The cost of a mortgage as a proportion of household income has reached an historic low although there is no increase in house purchase activity.
The Treasury is to give the Bank of England powers to limit lending to the growing buy-to-let mortgage market to protect the financial system.
Figures from the ONS show the growth in houses prices over the year for new builds is more than double that of existing homes.
The latest index from the Nationwide shows no change in house prices as demand remains subdued as a home purchase is less affordable.
CBI business leaders have urged the government to tackle the housing crisis to meet their target of a million new homes by 2020.
The government has closed the Help to Buy mortgage guarantee scheme that has helped 86,341 first timer buyers on to the housing market.
Mortgage age limits for older borrowers increase from age 75 and over due to changing demographics and people working longer.
Data from the CML has revealed older borrowers have higher levels of equity to debt with repayment rather than interest only mortgages.