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.

Here you will find responses that we submitted before January 2018. This page is no longer being updated. For the latest mortgage consultation responses please go to the UK Finance website.

Search consultation responses

Consultation title Consulting body Summary Consulting period Status
The Financial Ombudsman Service plans and budget for next financial year (2017/18) - consultation FOS The CML is broadly in favour of the FOS plans and would welcome joining a working party on quicker complaints resolution. 14/12/16 - 31/01/17 Closed
Proposal on using a Legislative Reform Order to establish the social housing regulator as an independent body - consultation DCLG We welcome the decision to separate the regulator from the Agency to provide the required independence and freedom from potentially conflicting interests. 30/11/16 - 27/01/17 Closed
FCA consultation paper on its future Mission. FCA In response to the consultation, we are especially pleased to see the discussion on the interface between public policy and regulation, an important but often neglected subject. 26/10/16 - 26/01/17 Closed
Handbook changes to reflect the introduction of the Lifetime ISA FCA We suggest the need to ensure the interaction between Help to Buy ISA and Lifetime ISA is well-explained, given the potential confusion which could arise at point of house purchase. 17/11/16 - 25/01/17 Closed
The fair treatment of mortgage customers in payment shortfall: impact of automatic capitalisations FCA Lenders should be free to develop their own frameworks for remediating affected customers, ensuring they align with existing regulations and the spirit of the framework set out in the consultation. 31/10/16 - 18/01/17 Closed
Amendments to the PRA’s rules on loan to income ratios in mortgage lending - consultation PRA The effect LTI lending limits has on firms within the residential mortgage market is of concern. We welcome this proposed change to operate the limit on a four-quarter rolling basis. 30/11/16 - 10/01/17 Closed
Introducing fees for social housing regulation HCA We agree with the basic proposals - to introduce a one-off fixed rate fee for initial registration and an annual fee thereafter based on the number of social housing units owned. 25/11/16 - 09/01/17 Closed
Consultation on proposals for regulations and policy on the Private Housing (Tenancies) (Scotland) Act 2016 SG A lender's position in the new regime will change little from the current short assured tenancy regime. Therefore, the CML and lenders are broadly content with the proposals. 13/10/16 - 26/12/16 Closed
Review of the FCA’s appropriate qualification exam standards - consultation FCA We welcome the review of qualification standards, but have concerns a standalone equity release qualification could create advice “silos” when older borrowers need a more holistic approach to retirement advice. 15/09/16 - 13/12/16 Closed
Improving transparency in land ownership in Scotland: a consultation on controlling interests in land SG We welcome the Scottish Government’s intention to bring greater transparency of land ownership, but if inadequately addressed, the proposals could disproportionately burden current and future property owners in Scotland. 01/09/16 - 05/12/16 Closed