When deciding how much to lend a mortgage customer, lenders commission a valuation of the property. This is the lender’s valuation and should be distinguished from any valuation or survey commissioned by the customer. Promoting clarity here is a key part of our policy work on valuation issues.
See below for detailed information on our policy work in this area.
Published: 1 May 2015
This overview provides information on what lenders should consider when lending on properties where asbestos is present.
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.
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.
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.
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.
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.