Friday, 12 June 2009

Council of Mortgage Lenders publish new guidance on Buy-to-Let arrears

The Council of Mortgage Lenders (CML) have published new guidance to lenders to ensure that they act fairly when dealing with Buy-to-Let arrears.

The CML guidelines for Buy-to-Let mortgages come into effect in September but they claim that much of these guidelines are already being upheld.

The CML guidance includes the lenders options, implications for tenants and non Buy-to-Let tenants. For more information please click here CML Guidance on Buy-to-Let Arrears.