What does 'Council of Mortgage Lenders' mean?
Council of Mortgage Lenders
Almost all banks and lenders that offer mortgages in the United Kingdom are members of the Council of Mortgage Lenders (CLM). This body acts to promote the interests of the industry but also carries out other work such as compiling the CLM Handbook used by solicitors when they are checking the paperwork on any given property.
Search Results for 'Council of Mortgage Lenders' in How to Really Buy a Property
Chapter 3:
Making House Price Predictions
"... in this chapter
Who makes house price predictions;
What is the track record of RICS, the Nationwide, the Halifax, the Council of Mortgage Lenders, Hometrack, Capital Economics and many of the other 'experts' used by the media;
Who can make accurate forecasts;
Why organisations make..."
"... and 201a the Halifax went for 'no change' in a similar way to their competitors Nationwide and achieved similar success.
- The Council of Mortgage Lenders -
Like the Halifax and the Nationwide the CML has a close grip on the number of new mortgage applications being received across..."
"... a hidden agenda.
The Nationwide, Halifax, Council of Mortgage Lenders and other lenders want to be positive so people will borrow and they will profit. Even RICS could be accused of this. The more transactions there are in a market, the more work there is for their members.
Alternatively..."
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Chapter 17:
The Property Buying Process in Theory
"...Every lender has a different set of things that they want to know. These requirements are collated by The Council of Mortgage Lenders. The result is the CLM Handbook and every solicitor has access to a copy. When your solicitor knows who you are going to be borrowing from they open up the handbook and see what they need to find out.
..."
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