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.

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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..."

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"... wide range of possible price rises did pay off in 2018 when they predicted increases of "between 0 and 3%". Prices rose 1%. - 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..."

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"... 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

"... 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..."

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What's in the 2022 edition .....

Why buying property is right for some and wrong for others;
The state of the market today;
What Brexit and Covid 19 means to the future of UK property;
How the media have become unreliable indicators of the market;
Who makes good quality predictions for the property market (and who doesn't);
How the market works over the short term and the long term;
The difference between property bubbles and property booms;
Why it can be a good idea to buy when prices are falling;
The principles of buying a property to let and what the text books don't tell you;
Ways to get on the property ladder when it looks impossible;
How professional buyers and investors work with estate agents to get better deals;
Why you should see as many Financial Advisors as possible;
What to do before you start viewing so you don't lose your dream home;
Who the surveyor, solicitor and estate agent are really working for;
How to make an offer to get things your way;
Who to trust and who, with the best intentions, may be misleading you;
Why you should work to minimise the time between offer agreed and exchange;
Making sense of a property survey including:
- What type of survey to get and why structural surveys can be money wasted;
- Why surveyors should never estimate the cost of works;
- When rising damp, penetrating damp, subsidence, cracking, sagging roofs, bulging walls and all the other frightening things in a surveyor's report might be serious, and when they are not;
- Why asking the vendor to carry out work is not always a good idea.
Step by step guides explaining what should be happening, what can happen, and how to solve mole hills before they become mountains;
Over 140 terms in an easy to use glossary so the jargon of the property industry can be understood;
20 true stories of successes, and disasters, that real people experienced when buying a property.

.... and what's not in the book ...

Continuous commentary banging on about how great property is and that it is the only place to put your money!
Recommending businesses that I get kickbacks from.
Rewording and republishing what is available freely from most websites anyway.
Endless tales of how easy it is to buy property and profit.
Attempts to sell you some course or other product.
Blank pages and spaced out text to make the book seem bigger.

What does 'Council of Mortgage Lenders' mean when buying a property?

Council of Mortgage Lenders

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What's in the 2022 edition .....

.... and what's not in the book ...

Search Results for 'Council of Mortgage Lenders' in
How to Really Buy a Property

Search Results for 'Council of Mortgage Lenders' in
Property FAQ

Search Results for 'Council of Mortgage Lenders' in
Property Terminology