Friday, 30 June 2017

CML Lenders’ Handbook to be Renamed on 1st July

From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance.

It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services.

The new organisation will take on activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.

The CML Lenders’ Handbook will continue, but it will be renamed the "UK Finance Mortgage Lenders’ Handbook" (‘the Handbook’). 

The CML will rename the Handbook from 1 July 2017.

Associated documents (for example, the Disclosure of Incentives Form) on the CML website in due course.

Website urls and bookmarked links relating to the Handbook will continue to work as normal.

From 1 July, all references to the CML Lenders’ Handbook shall be deemed to mean the UK Finance Mortgage Lenders’ Handbook.

Any associated documents which refer to the CML shall be deemed to mean UK Finance.

A set of FAQs and responses has been prepared by the CML to assist users of the Handbook during the transition from the Council of Mortgage Lenders to UK Finance.

Monday, 19 June 2017

Is Your Firm Updating Their Pre-Completion Checklist ?

Technology, lender compliance and fraud prevention within the context of a pre-competition checklist are some of the main focus points at the next Webinar by Lexsure on 24th and 25th July.  

Almost all firms have a pre-completion checklist that they use, either on the side of the file or a paper checklist. But how often does a firm update that checklist and how comprehensive? Lexusre’s webinar focuses on what a firm’s pre-completion checklist should look like and how the latest technologies can help reduce mistakes and insurance premiums.

The free webinar will pay particular attention on the following areas:

  • What questions should your checklist have to highlight potential frauds (what can we learn from the Mishcon, Perunsing and P&P cases)
  • Help to Buy - Example Questions/Tasks/Workflows
  • The European Union’s Fourth Anti-Money Laundering Directive
  • Lender Compliance - How can a checklist ensure that you are up to date with the latest requirements
  • How a pre-completion checklist  can build your post completion workflow.

The webinar will demonstrate example checklists within the COMPLELTIONmonitor system

Bookings to the webinar are available here but please as will previous webinars only 800 spaces are available.