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 This page is no longer being updated.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
Transposition of the Fourth Money Laundering Directive HMT We share the government's commitment to implementing an effective Anti-Money Laundering and Combating the Financing of Terrorism regime to make the UK financial system a hostile environment for illicit finances. 15/09/16 - 10/11/16 Closed
FCA Quarterly Consultation Paper No. 14: CP16/21 FCA We broadly support the proposals to allow lifetime mortgage consumers to choose to switch to interest roll-up, but note that the borrower must be made fully aware of the risks... 13/09/16 - 02/11/16 Closed
Financial Ombudsman Service complaints data publication - a consultation FOS It is our view that mortgage complaints should be split into 'advice' and 'administration', and more granular detail be provided to assist more firms to benchmark their activities. 04/10/16 - 01/11/16 Closed
Law Commission 13th Programme of Law Reform Law Com We do not believe there would be merit in reviewing and restating the duty of care banks, as they already have well-established approaches to treating customers fairly. 14/07/16 - 31/10/16 Closed
PRA consultation on the recalibration of Residential Mortgage Risk Weights PRA We support the Bank’s objective of a more consistent approach to the estimation of the risk parameters for UK residential mortgage exposures. 31/07/16 - 31/10/16 Closed
A New Future for Social Security - consultation on social security in Scotland SG The overall principles and operational arrangements envisaged in the consultation appear sensible, reasonable, fair and equitable, and should allow claimants to be treated with dignity and respect. 01/07/16 - 28/10/16 Closed
Scottish Parliament call for evidence on draft Budget 2017-18 SP We note that availability of private funding at competitive rates will be key in delivering the government’s target of 50,000 new affordable homes over the life of the current Parliament. 10/10/16 - 24/10/16 Closed
Solicitors Regulation Authority (SRA) Accounts Rules review SRA We note that the change to the definition of client money to allow money for fees and disbursements to be treated as firm money will need to be clearly explained... 01/06/16 - 21/09/16 Closed
Solicitors Regulation Authority review of Handbook and regulatory approach SRA We welcome the intention to provide guidance in the form of toolkits and case studies, but this will need to be supported by strong supervision and enforcement. 01/06/16 - 21/09/16 Closed
House of Lords call for evidence on financial exclusion We welcome this initiative to build understanding of financial exclusion from first principles. Our comments focus on how the industry supports customers on lower incomes or who are financially vulnerable. 22/07/16 - 14/09/16 Closed