CML

Council of Mortgage Lenders - a trade organisation of home finance providers consisting of specialist mortgage lenders, banks and building societies. Runs the Repossessions Register which appear on credit reports.

The Council of Mortgage Lenders is the trade association for the mortgage lending industry, and their members account for around 98% of UK residential mortgage lending.

The CML works to help to foster a favourable operating environment in the UK housing and mortgage markets. They are the representative voice for the residential mortgage lending industry, and the central provider of economic, statistical, legal, research and other market information. Banks, building societies and other mortgage lenders are members and they also have associates, drawn from a variety of related businesses, including lawyers, conveyancers, search companies and management consultants.

The departure of building societies from the 'mutual club' and the increasing role of banks and other specialist lenders in providing home loans led to the formation of the Council of Mortgage Lenders (CML).

It acts as a representative body for its members. The CML's work is administered by the staff of the Building Societies Association (BSA).

The Repossession Register is based upon information provided by the three credit reference agencies. The register is used to monitor fraudulent activity but also holds data on property repossessions. This can be accessed by lenders when credit checking you for future mortgage applications. Following repossession, your lender will provide details to the credit agencies to include within the CML register records. This information is stored for credit references for a period of 6 years from the date of possession.

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Accident Sickness And Unemployment Insurance (ASU)
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Agreement In Principle
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Scottish Decree
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