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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Financial Policy Committee powers of direction in the buy-to-let market

Last updated: 11 Mar 2016

Consulting body:
HM Treasury
Period of consultation:
Runs from 17 December 2015 to 11 March 2016
CML action:
Response submitted

HM Treasury have published a consultation on the operation of the UK BTL market in relation to the potential risks the BTL market may have with regard to financial stability and the possible tools and powers that the FPC may be granted to deal with these risks.

Our response notes that although all lending activity carries with it inherent risks, CML does not recognise that BTL is in aggregate a substantially more risky asset class than prime residential.

We also confirm our on-going commitment to work with the Bank of England to build a sound evidence-base around BTL business models and lender/landlord behaviours – essential for timely and proportionate macroprudential intervention; and highlight that these proposals cannot be seen in isolation.