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.

  1. Home
  2. Policy
  3. Guidance notes and codes
  4. All
  5. Industry guidance on buy-to-let arrears and possessions

Industry guidance on buy-to-let arrears and possessions

Last reviewed: 2 Mar 2016

This guidance is for: lenders

The Council of Mortgage Lenders has issued guidance on handling arrears and possessions for owner
occupier mortgages which came into effect on 31 January 2009.

Most buy to let loans are not covered by that guidance. Buy to let is a distinct market with its own
characteristics.  Because of these different characteristics different lender processes/policies for dealing with a borrower in arrears under a buy to let loan apply.