CML takes lead on BTL framework

Robyn Hall

November 6, 2013

Buy-to-let mortgages will not fall within the scope of the directive if there is adequate self-regulation in place to govern the market.

Speaking at the CML MICE conference Paul Smee, CML director general, said: “The CML sees this as a gauntlet to be picked up and a prize worth pursuing.”

Smee said that he believed a framework could be drawn up and driven by the CML which would meet the requirements of the directive without imposing unnecessary burdens on lenders.

He added: “We also believe that the authorities would welcome our taking the lead in producing this framework. So that is what we will do over the coming year.”

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