Last reviewed: 9 May 2016
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.
Last reviewed: 2 March 2016
Guidance to show good practice by buy-to-let lenders in arrears situations. This guidance relates to loans where at the time the loan was entered into both the lender and the borrower understood that the security property would be let to a third party. It comes into effect on 1 September 2009.
Published: 24 February 2011
This guidance has been produced for CML members and outlines the basic circumstances and considerations of appointing a Law of Property Act (LPA) or fixed charge receiver. This guidance has no regulatory status and some of the examples of good practice given may not be appropriate in every circumstance.