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.

Buy-to-let: statement of practice

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.

Industry guidance on buy-to-let arrears and possessions

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.

The role of Law of Property Act (LPA) receivers

Last updated: 14 March 2018

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.