Hill, who is chief executive of Leeds Building Society, takes over the role from Moray McDonald of Royal Bank of Scotland.
Hill said the industry is ‘set for another big year’ with the Mortgage Credit Directive (MCD) taking effect in March, the Financial Conduct Authority examining competition in the mortgage market, and the tax and likely regulatory changes being introduced to the buy-to-let sector.
“And we are determined to keep up momentum on our collaborative approaches to improve retirement lending and mortgage cost transparency; these have great potential to benefit both consumers and lenders,” he said.
He said the CML will also be working through the ramifications of a potential merger with other trade bodies, as proposed by the Financial Trade Associations Review, on which the CML’s members will vote in the first quarter of 2016.
“As incoming chairman, my dual aims for the year are to ensure that any organisational change does not detract or distract from our normal focus on services and representation in the short term, and that any change is for the benefit of all CML members in the long term.
“I am grateful to Moray McDonald for steering the CML through this landscape so far, being mindful of the needs of members of all sizes, types and different business interests.”