Tuesday, 18 April 2017

CML Handbook - Staying on Top of Changes

All mainstream lenders provide their instructions to property lawyers via the CML Handbook or BSA mortgage instructions. Understanding a specific lender’s requirements and keeping up-to-date with changes can be a time-consuming manual process, particularly given that individual requirements can change on a daily basis.

In not addressing or overlooking a lender’s requirements, a solicitor or conveyancer risks being sued by the lender for the full value of the mortgage and their firm could be removed from the lender panel. The previous SRA thematic review into conveyancing revealed that a quarter of firms surveyed had experienced professional negligence claims relating to conveyancing work in the two years.

This free webinar focuses on the more important changes in the last 6 months. It will also highlight trends that are emerging when it comes to lender behaviour in particular in relation to certain types of ‘problematic properties’ for example: short leases, absentee landlords, defective leases etc.

The webinar is scheduled to last half an hour and will be split into four sections.

  • Key statistics and figures in relation to CML Handbook changes (for example most common section changed etc)
  • Significant CML Part 2 Changes in the last six months
  • Trends that are emerging - examples of how lenders react to new and emerging risk by adapting their Part 2 requirements
  • Demonstration of new Technologies are available to assist in CML Handbook compliance

For more information on dates and how to register, please click here.

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