Business, Legal & Accounting Glossary
The departure of building societies from the ‘mutual club’ and the increasing role of banks and other specialist lenders in providing home loans led to the formation of the Council of Mortgage Lenders (CML).
It acts as a representative body for its members. The CML’s work is administered by the staff of the Building Societies Association (BSA).
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This glossary post was last updated: 15th February, 2020