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.

Conveyancing (the legal process behind buying and selling properties) includes granting and discharging mortgages. When completing a mortgage transaction for a lender, a conveyancer has control of the mortgage funds.

See below for detailed information on our policy work in this area.

Conveyancing: Legal representation for lenders

Last updated: 10 August 2017

This page provides information on conveyancing for members.

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.

Redemption statements

Published: 7 May 2015

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

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.