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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Quarterly Consultation No. 13 (CP 16/17)

Last updated: 15 Aug 2016

Consulting body:
Financial Conduct Authority
Period of consultation:
Runs from 4 July 2016 to 15 August 2016
CML action:
Response submitted

In their Quarterly Consultation No.13 (CP16/17) the FCA are consulting on minor changes to the Handbook affecting mortgages and home finance firms.  

CML response

The CML is supportive of the simplification principle being adopted in relation to these mortgage changes.

However, the proposed changes will not remove the requirement for a lender to send out an initial disclosure document due to the rules set out at MCOB 4.4A, so we hope that the FCA will review this.

See the full CML response to this consultation below.