Here you will find responses that we have submitted to consultations by government departments and other organisations that are relevant to mortgage lenders and their customers.
Members and associates can also keep up to date with our work in progress on formulating responses to consultations that haven't yet reached their closing date. Please note some content is restricted for members and associates only.
Got an opinion? Let us know. We love to hear from members on "active" responses, so we can reflect views from the whole lending industry.
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|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|