The Council of Mortgage Lenders says that people borrowing money from its members to buy new homes w...
The Council of Mortgage Lenders says that people borrowing money from its members to buy new homes will be covered by a new guarantee as of 1 April. The arrangement will ensure that new homes are fully completed and have undergone a satisfactory final inspection before the lender releases any funds and the buyer can move in. The CML says the new scheme will safeguard buyers from problems that have occurred in the past and will also stop buyers suffering additional stress when it comes to buying a new property. "Our new initiative will ensure that in future everyone tak...
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