<b></b><p></p><p>&amp;“The CML initiative&amp;”. It doesn&amp;’t sound very interesting, does it?. An &amp;“initiative&amp;” being taken by people who lend money for a living? Wake me up when you&amp;’re finished. </p><p>But I have an inkling that soon everyone in the industry is going to sit up and take a whole bunch of interest in this &amp;“CML initiative&amp;”. Because it could stop builders selling their homes when they want to - and therefore cost them money and annoy their customers.</p><p>In a nutshell, from next April mortgage lenders will not release funds to borrowers until the house they are buying is &amp;“signed off&amp;” as complete by a warranty body. </p><p>This may seem logical and straightforward, but, rightly or wrongly, it is not quite how the industry has operated to date.</p><p> NHBC, which as a warranty body will be affected markedly by this, has spent some time testing new systems to smooth the path to change. </p><p>But in doing so it has found that many new home sales will be held up if builders are not fully prepared.</p><p>We explain NHBC&amp;’s new systems and NHBC gives advice on what builders need to do to avoid costly and embarrassing delays - including ensuring that systems are in …