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.