CML to change lending criteria

March 1, 2002
The Council of Mortgage Lenders (CML), the trade body for mortgage providers, is to require its members to obtain proof of dwellings completion before giving mortgage approval.The major lenders are keen on the move to avoid the familiar stories of families moving into incomplete homes. Housebuilders, through the HBF, are liaising with warranty bodies to reduce delays caused by inspections …

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