Council Of Mortgage Lenders

What is The Council of Mortgage Lenders (CML)?

The Council of Mortgage Lenders (CML) was a trade organisation of home finance providers which originated from the Association of Mortgage Lenders , a body set up in the 1980s that met regularly to swap details of serious mortgage frauds.

In July 2017 the CML merged with the British Bankers Association, UK Cards Association, the Asset Based Finance Association and Payments UK to form UK Finance, based in London.

The stated aim was to promote a favourable operating environment in the UK housing and mortgage markets, a goal which is still carried out in its new guise as UK Finance.

The CML was generally regarded as the voice for the residential mortgage lending industry. It was relied on heavily as a central source of statistics about the mortgage industry.

In 1991, to plug a gap in credit reports that existed at the time, the CML set up a Repossessions Register – a database which shared details of mortgage repossessions in an attempt to stop persistent re-offenders and to enable more informed and more responsible lending.

The improvement of the way repossessions are reported on credit reports within shared databases such as CAIS , Insight and Share resulted in the duplication of reporting of repossessions, which was cited as the reason for the abandonment of the Repossessions Register and ultimately lead to the destruction of the database on 30 June 2010.


Q: Can I still get a copy of the Council of Mortgage Lenders Handbook?

A: Yes, for the time being, all CML information is still accessible through their website.

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