Thursday, 4 June 2015

CML Lenders Handbook for Scotland - Changes 8 June 2015

Changes are about to be made to the CML Lenders Handbook for Scotland on Monday 8 June.   

The main changes include the following:

  • The handbook is being amended to include the introduction of the Land and Buildings Transactions Tax in Scotland, replacing stamp duty.
  • The handbook being brought up to date to reflect changes in Scotland due to the Land Registration (Scotland) Act 2012, which came into effect in December 2014. 
  • The section on good and marketable title has been revised in Scotland to reflect changes made to the wording already amended in the Handbook for England and Wales.

If you would like to see a copy of the revised Handbook with track changes showing the updates please contact me.  

I understand that CML lenders have been asked to update their part 2 versions especially their answers that relate to clauses 14.1.4 (Application to registers) and 14.2.1 (Title deeds).

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