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.

Affordable and social housing: funding and regulation

Last updated: 9 May 2017

This overview of the social and affordable housing sector across the UK focuses on how housing associations are funded and regulated. It highlights key issues in the sector and our position, including our calls for certainty of public funding and stable implementation of welfare reforms.

Arrears and possessions

Last updated: 30 August 2017

The latest position in relation mortgage performance but also an overview of the support that is available to mortgage borrowers who are experiencing payment difficulty. This includes support for mortgage interest and assisted voluntary sales.


Published: 1 May 2015

This overview provides information on what lenders should consider when lending on properties where asbestos is present.

Budget statements

Last updated: 10 March 2017

A summary of the key announcements given by the chancellor Philip Hammond during his 2017 spring Budget.

Buy-to-let mortgages and the private rented sector

Last updated: 12 June 2017

Lending to landlords who are investing in the private rented sector is an escalating trend in the mortgage market. This page sets out some aspects in relation to this type of lending including how these mortgages are different to those for owner occupation.

CHAPS and CREST extended settlement day

Last updated: 4 January 2017

The Bank of England has now extended the settlement day for CHAPS (the same day electronic bank to bank transfer technology) and CREST (the payment clearing system in the UK) transactions.

Consumer buy-to-let

Last updated: 18 November 2016

This is an overview of the changes required for buy to let lending because of the introduction of new regulations which apply to consumers who use buy to let mortgages. These changes will mean that more buy to let loans fall within the remit of the FCA from 21 March 2016.

Conveyancing: Legal representation for lenders

Last updated: 10 August 2017

This page provides information on conveyancing for members.

Energy efficiency initiatives: Green Deal and Domestic Renewable Heat Incentive

Last updated: 22 May 2017

Energy efficiency initiatives such as these can help reduce household energy running costs and support the UK in meeting carbon reduction targets. They also have implications for mortgage lenders and could affect the value of a property and its appeal to other buyers.

FCA Mortgages Market Study

Last updated: 7 March 2017

The FCA's study focuses on whether the available tools help mortgage consumers make effective decisions and if commercial arrangements between lenders and brokers lead to conflicts of interest.

Financial crime and mortgage fraud

Last updated: 16 June 2017

This page provides information on financial crime and our work in this area.

Flood insurance

Last updated: 5 April 2016

The Flood Reinsurance scheme became operational on 4 April 2016. We highlight why buildings insurance with flood cover is essential for the housing and mortgage markets. An overview of the new Flood Re scheme for homes at high flood risk outlines the CML position and our work with government and the insurance industry to ensure the scheme can help as many households as possible.

Funding (Capital)

Last updated: 28 February 2017

Ensuring lenders have sufficient and the right type of capital to absorb losses is a critical component of the prudential regulatory framework. This update keeps lenders abreast of the latest developments with regard to capital issues.

Funding (Liquidity)

Last updated: 28 February 2017

Firms need to raise liquidity to lend to borrowers. This update shows that lenders need to have a good mix of sources of liquidity, from retail deposits to wholesale funding markets, to ensure that they have a diversified mix of funding and can comply with regulatory requirements.

General Data Protection Regulation

Last updated: 10 May 2017

In April 2016, the General Data Protection Regulation (GDPR) was formally agreed. It is directly applicable legislation and will automatically become part of UK law from 25 May 2018.

Help to Buy and FirstSteps shared ownership schemes: England

Last updated: 27 April 2017

Our overview of the main government-funded shared ownership schemes in England highlights the CML position and our call for government to work with mortgage lenders and housing associations to overcome barriers and improve shared ownership as a tenure choice for the 21st century.

Help to Buy equity loan schemes: England, London, Scotland and Wales

Last updated: 28 July 2017

This page includes an overview of government-funded Help to Buy equity loan schemes; details the arrangements for England, Scotland and Wales and also includes updates on the latest statistics for the schemes.

Help to Buy ISA

Last updated: 10 November 2016

The Help to Buy ISA savings scheme has been introduced to help first time buyers in the UK save for a deposit to purchase their first home. This update gives the key information lenders should know about the scheme.

Help to Buy Mortgage Guarantee scheme

Last updated: 4 January 2017

The Help to Buy Mortgage Guarantee scheme closed to new offers on 31 December 2016. The guarantee is valid for seven years after the mortgage originated.

Housing white paper 2017

Last reviewed: 9 February 2017

An overview of the key announcements contained in the government's housing white paper published on 7 February 2017.

Interest-only mortgages

Last updated: 28 November 2016

Though new interest-only lending is less common these days, many lenders still have substantial back-books of interest-only loans. FCA research indicates many of those who have these loans may not be able to meet the capital payment when it falls due. The industry is working with these borrowers to ensure early engagement and to help customers find a solution.

Japanese knotweed

Last updated: 25 September 2015

RICS have amended their information paper on Japanese Knotweed and residential property in light of industry developments. Japanese Knotweed is an invasive species of plant, and if left untreated it can cause physical damage to property. This policy page covers what can be done and what lenders need to consider.

Lifetime ISA

Last updated: 26 January 2017

The Lifetime ISA was announced at the March 2016 Budget and can be used to save for retirement or to buy a home. This page summarises the scheme.

Low Cost Home Ownership: an overview

Last updated: 4 September 2017

This is a comprehensive round-up of the main current and predecessor schemes for low cost home ownership, also known as the intermediate market.

Macro prudential regulation

Last updated: 31 May 2017

Alongside the Bank of England and the PRA regulating individual firms, since the financial crisis a new body, the Financial Policy Committee, has been concerned with macro-prudential regulation with the mandate to ensure the stability of the financial system as a whole. Given the size and importance of the mortgage industry in the UK economy, the FPC has introduced a number of controls to the mortgage market to maintain financial stability.

Mortgage Credit Directive

Last reviewed: 6 October 2016

This page provides information on the FCA's final Mortgage Credit Directive (MCD) rules.

Mortgage market review

Last updated: 12 December 2016

The Mortgage market review (MMR) resulted in a set of major changes to the Financial Conduct Authority's Mortgage Conduct of Business rules (MCOB) which took effect from 26 April 2014.

Mortgage rescue in Scotland

Last updated: 28 April 2015

The Scottish Government operates a homeowners support fund to assist those in difficulty with the payment of their mortgage. This update provides lenders with details on the administration of the scheme and what is expected of lenders.

New build leasehold properties

Published: 26 June 2017

Following recent media focus on onerous leasehold terms for new build leasehold properties in England and Wales, the CML has developed a document providing information on issues relevant for lenders.


Last updated: 25 September 2017

This page gives details on the policies aimed at increasing the supply of newbuild property, including self-build and custom housebuilding and covers a number of newbuild issues that affect mortgage lenders.

Queen's speech

Last updated: 21 June 2017

A summary of the government's legislative agenda for the coming parliamentary year.

Redemption statements

Published: 7 May 2015

This update provides best practice guidance for members in relation to redemption statements.

Retirement borrowing

Last updated: 7 July 2017

With borrowers increasingly wanting to extend their mortgage terms into later life and some customers looking at how to realise the value in their homes to finance their lifestyles in retirement, the mortgage industry has reviewed this issue to ensure its products and service continue to meet customer demands. An important part of this work has been the relationship with interest-only maturities.

Right to Buy and Right to Acquire schemes: England, Scotland and Wales

Last updated: 21 November 2016

This overview details our neutral position on the scheme in relation to residential mortgage lending.

Right to Buy Social Mobility Fund: England

Last updated: 30 March 2015

This fund enables eligible tenants with a Right to Buy to exercise that right in some circumstances where they would not otherwise be able to do so – such as where their social rented home is not suitable for a mortgage.

Solar panels

Last updated: 30 March 2016

This overview covers the lenders’ approach when customers want to install solar panels at their property. Customers will usually need the consent of their mortgage lender to the installation of solar panels. To help mortgage customers and solar panel installers the overview provides guidance and minimum requirements.

Starter Homes scheme

Last updated: 2 May 2017

We continue to liaise with the Department of Communities and Local Government and key stakeholders on development of the detail of the Starter Homes scheme.

The evolution of mortgage regulation

Last updated: 28 November 2016

A summary of mortgage regulation over the past twenty years and an explanation of how mortgage regulation works today.

The Mortgage Verification Scheme

Last updated: 6 February 2017

The mortgage verification scheme opened for lenders to join from 1 September 2011. It is a joint initiative between HMRC and mortgage lenders to combat fraudsters, by the limited exchange of data in cases where mortgage lenders have reasonable suspicion that a mortgage application is fraudulent.

Transparency of mortgage fees and charges

Last updated: 26 March 2018

A major strength of the UK mortgage market is that it offers a huge amount of choice to consumers. This makes it more likely that consumers can get a mortgage that best fits their needs.

UK Finance Mortgage Lenders’ Handbooks

Last reviewed: 1 July 2017

The handbooks are standard form instructions to conveyancers acting for lenders in residential mortgage transactions.


Last updated: 18 August 2017

We encourage our members to provide clear information to mortgage customers about the status of a lender’s valuation. We continue to work with RICS, the Residential Cross Sector Group and Which? on this issues relating to valuation.

Vulnerable customers

Last updated: 15 June 2017

A summary of documentation and regulatory activity in relation to the treatment of customers who exhibit some form of vulnerability.