Most Popular P2 Changes to the CML Handbook for 2012


num changes sectionname question
63 6.7.1 What new home warranty schemes are acceptable to the lender?
58 5.20.1 Does
the lender require me to report to them where the lease does not meet
the CML minimum requirements for leases of roof space for solar PV
panels?
55 5.20.3 Does the lender have additional requirements relating to leases of roof space for solar PV panels, and if so, what are they?
44 5.2.1 If
different from 1.11, the contact point if the seller is not the owner
or registered proprietor and is not listed in the exceptions above:
18 14.2.1 Where should the title deeds and documents be sent?
15 5.8.5 Does the lender accept security which comprises
one of two leasehold flats in a building where the borrower also owns
the freehold reversion of the other flat and the other leaseholder owns
the freehold reversion in the borrower’s flat? If so, are there any
specific requirements?
14 16.1.1 If different from 1.11, contact point for title documents:
13

10.7

On a delayed completion, when and how is advance to be returned?
13 14.1.5 Does the lender need to be sent the original mortgage deed?
13 6.7.4 Will the lender proceed if the property does not have the benefit of a new home warranty scheme?

12

6.4.4 Does the lender require me to report incentives?
10 14.2.2 Which documents must I send after completion?
10 17.2.1b Does the lender send the discharge via a DS 1 form or direct with the Land Registry?

10

16.3.2 If different from 1.11, contact point for finding out the debt amount:
9 16.3.4

Does the lender need to be sent the transfer of equity?

9 16.3.7a If different from 1.11, contact point for obtaining execution of transfer equity:
8 1.11a Contact point for standard documents.
7 3.1.4

Does the lender require notification of the name and address of the
solicitors firm or licensed conveyancers firm acting for the seller?

7 5.4.6

Does the lender accept search insurance and, if yes, what are the lender’s specific requirements?

7 6.2.1 If different from 1.11, contact if any discrepancies in property’s description:



Comments

Leave a Reply

Your email address will not be published. Required fields are marked *