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.

Last reviewed: 9 May 2016

Who is this guidance for: Lenders, intermediaries and landlords

This statement of practice outlines the overarching principles of CML members’ general approach to buy-to-let (BTL), including the sale and administration of BTL mortgages excluded from the regulatory scope of the Financial Conduct Authority (FCA). It is intended to ensure that BTL borrowers understand their lender’s responsibilities as well as their own, and sets out information customers can expect to be provided with by the lender, either directly or via an intermediary.

Details of how this statement of practice applies to CML members and how it is monitored are included at the end of the document.

In this document, any reference to ‘advice’ is generic and is not aligned to the FCA’s Handbook definition that applies to advised sales of regulated mortgage contracts.