What does 'Council of Mortgage Lenders' mean when buying a property?
Find out what Council of Mortgage Lenders means when you are buying a property. 'What does Council of Mortgage Lenders mean?' plus over 150 other property related terms and jargon in plain English
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 mortgage lending industry but also carries out other work such as compiling the CLM Handbook. This is a checklist for solicitors laying out what documents need to be obtained and inspected before a mortgage provider will lend on a given property.
To find out more about the Council of Mortgage Lenders and their role in your property purchase pick up a copy of my ebook How to Really Buy a Property.