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 www.ukfinance.org.uk for wider content and updates from UK Finance.

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Reinvigorating the Right to Buy and one-for-one replacement

Last updated: 2 Feb 2012

Consulting body:
Department for Communities and Local Government
Status:
Closed
Period of consultation:
Runs from 1 December 2011 to 2 February 2012
CML action:
Closed
The CML has responded to the Consultation by DCLG on extending the Right to Buy and one-for-one stock replacement. Our response emphasises that any extension of RTB should not be implemented in a way which fetters lenders’ decision-making about the suitability of an applicant or of the property. We also flag concerns about the viability of the proposals to deliver one-for-one replacement in different areas of the country.

Download the response below.