Who is this guidance for: Lenders, intermediaries and landlords 

This statement of practice outlines the overarching principles of CML members? general approach to buy-to-let (BTL), including the sale and administration of BTL mortgages excluded from the regulatory scope of the Financial Conduct Authority (FCA). It is intended to ensure that BTL borrowers understand their lender's responsibilities as well as their own, and sets out information customers can expect to be provided with by the lender, either directly or via an intermediary. 

Details of how this statement of practice applies to CML members and how it is monitored are included at the end of the document. 

In this document, any reference to ?advice? is generic and is not aligned to the FCA's Handbook definition that applies to advised sales of regulated mortgage contracts.? 

Last updated: 9 May 2016