Council of Mortgage Lenders

The Council of Mortgage Lenders (or CML for short) is a trade association for the mortgage lending industry. Its member lenders account for around 98% of the UK residential mortgage market. See the CML website

Membership principally comprises Banks, Building Societies and other mortgage lenders, but it also has associate membership drawn from a range of interested businesses, including solicitors, conveyancers, search companies and management consultants.

The CML provides a range of membership benefits which includes the provision of information and statistics, press releases and publications including market analyses and research information and annual reports, together with a fortnightly 'news and views' e-newsletter. The CML also provides a range of events and training material.

Of particular interest to consumers is the range of consumer advice and information about mortgages and house purchases generally.

Finally, the CML also produces a 'Lender's Handbook' which provides comprehensive instructions for solicitors and licensed conveyancers acting on behalf of lenders in conveyancing transactions. The Handbook is in two parts. Part 1 sets out the main instructions and guidance which must be followed by conveyancers. Part 2 details each lender's specific requirements.

WHAT INFORMATION DOES THE CML PROVIDE ABOUT ARREARS AND REPOSSESSIONS?

The CML provides a range of updated information relating to arrears and repossessions in its Policy section.

See in particular the following four documents which are available for download in pdf format by clicking the links:

  CML Statement of Practice - Handling of arrears and possessions

  CML Joint Letter with Sheleter and CAB on Income Support for Mortgage Interest

  CML industry guidance on arrears and repossessions to help lenders comply with MCB 13

  CML Practical Guide to helping mortgage borrowers in difficulty