Buy-to-let lenders who are members of the Council of
Mortgage Lenders are adopting a new statement of practice, designed to provide
clarity about how responsible buy-to-let lenders operate. The statement reflects existing good practice and aims to
ensure that there is a clear explanation of the obligations of buy-to-let
borrowers on their mortgages. It signposts additional information from other
organisations about the responsibilities of being a landlord. 31 lenders
representing an estimated 90% of the buy-to-let market have already adopted the
statement of practice. All CML members who offer buy-to-let mortgages are
expected to adopt it over the course of 2015. Read more on the CML website.
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