From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to for wider content and updates from UK Finance.

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CML makes changes to Lenders' Handbook in Scotland


Published: 7 May 2015 | Author: Bernard Clarke

New amendments to the CML Lenders’ Handbook in Scotland come into effect a month from now. The changes are the culmination of constructive work between lenders and the Law Society of Scotland that began in 2013, and they take effect from 8 June.

The main changes are:

  • Amendments to include the introduction of the Land and Building Transactions Tax in Scotland.
  • Modifications to reflect the Land Registration (Scotland) Act 2013, which came into effect in December last year.
  • Revisions to the section on good and marketable title in Scotland to reflect changes already made in the Handbook for England and Wales.

The amendments were agreed by the Handbook oversight committee in April and follow on from other changes made in December last year.