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 www.ukfinance.org.uk for wider content and updates from UK Finance.

Last updated: 7 July 2017

At a glance

CML position

We see lending into retirement and related issues as crucial for the mortgage industry and consumers, both in the short and longer term.

We understand that lenders want to help consumers meet their aspirations, but they must continue to lend responsibly and within regulatory requirements and legislation and borrowing into retirement must  be considered in the wider social context of an ageing society and changing housing needs.

Affordability remains key, whatever the age of the borrower.

Why this is important for lenders

Lending into retirement is receiving much political, regulatory and media interest, as it affects an increasing number of consumers. Two recent major reforms - the mortgage market review and the relaxation of rules on access to pension pots – have pushed it even further up the policy agenda.

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The following content is available for Members only. If you are a member of this group please login or register to gain access.

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The following content is available for Members only. If you are a member of this group please login or register to gain access.

Register with CML

Register to personalise your content, email updates and more...