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.

  1. Home
  2. News
  3. Press releases
  4. New amendments to the CML Lenders' handbook for Scotland

New amendments to the CML Lenders' handbook for Scotland

Published: 6 May 2015

The Council of Mortgage Lenders today announced new amendments to the CML Lenders' Handbook for Scotland, which sets out instructions to conveyancers acting for mortgage lenders. The new changes, agreed by the Handbook Oversight Committee on 23 April, will take effect from 8 June 2015.

The amendments are the culmination of constructive joint work started in September 2013 with the Law Society of Scotland to identify improvements.

The main changes are:

  • The handbook being amended to include the introduction of the Land and Buildings Transactions Tax in Scotland, replacing stamp duty.
  • The handbook being brought up to date to reflect changes in Scotland due to the Land Registration (Scotland) Act 2012, which came into effect in December 2014. 
  • The section on good and marketable title has been revised in Scotland to reflect changes made to the wording already amended in the Handbook for England and Wales. 

The new amendments follow on from previous amendments recently put into practice in December 2014.

All current and historic amendments to the CML Lenders' Handbook can be reviewed here.


Notes to editors

1. The Council of Mortgage Lenders' members are banks, building societies and other lenders who together undertake around 95% of all residential mortgage lending in the UK. There are 11.1 million mortgages in the UK, with loans worth over £1.3 trillion.

2. The CML Lender's Handbook can be viewed in full here.

Contact us

Gareth Hill

020 7438 8922