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.

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.