CML Disclosure of Incentives Form
The purpose of the form is to draw all the relevant information about newly built, converted and renovated property transactions into a single form. This will improve transparency and simplify the flow of information to all key parties involved in the transaction.
Lenders, developers, valuers and solicitors/conveyancers have been involved in developing the form to ensure that the process is as simple as possible. To implement these the Royal Institution of Chartered Surveyors have made changes to the professional standards for valuers in the ‘Red Book’, lenders, via the Council of Mortgage Lenders (CML), have changed their instructions to solicitors/conveyancers, whilst the Home Builders Federation (HBF) and Homes For Scotland (HFS) have amended their Codes of Conduct.
Since 12 March 2012, builders/developers are required to fill out version 2.1 of the CML Disclosure of Incentives Form. If the CML Disclosure of Incentives Form was first completed by the builder/developer on, or before, 11 March 2012, then the previous version (v2) is acceptable and a new form will not need to be completed regardless of when the sale final completes, unless subsequent changes are made which require the form to be updated. If you have any further questions regarding the CML Disclosure of Incentives Form Version 2.1, a Frequently Asked Questions document is available below.
Filling in the form electronically
The CML Disclosure of Incentives Form has been secured to ensure that the questions cannot be altered. This has been done so that the information received by lenders and their professional advisers remains consistent.
The CML Disclosure of Incentives Form is an Adobe pdf form. It is available to download below. To fill in the form:
Ensure you have Adobe Writer/Reader 8 or above. The latest Adobe Reader is available to download on Adobe’s website free of charge.
Click on the form below and download to your computer.
- Open the downloaded form and type your information directly into the relevant fields. This version can then be saved or printed.
- The signature requested at the end of the form cannot be completed electronically and once finalised you must print the form off and sign it by hand.
If you cannot fit the information into one of the fields please print the form out and fill in by hand.
If you experience any problems using the form please contact your IT department to check your Adobe version/settings.