As of today the guidance and template letter and agreed a number of minor changes reflecting the practical experience of the lenders.
The guidance has been amended to provide extra information regarding the need for obtaining a mortgage lender’s consent for leases of roof space, and this is directed to members of the public considering lease agreements. There are also a number of minor amendments, designed to improve clarity on what the minimum requirements are and where they can be found. The guidance also refers to re-mortgaging of properties with these types of leases. Some of the content has been re-ordered for a better flow.
The changes to the template letter are designed mostly to help clarify existing requirements and improve the flow of the letter. However, as a result of lender experience, there are a couple of amendments to note:
- An amendment has been inserted to strengthen the confirmations regarding building insurance; and
- A requirement has been inserted to require appropriate approvals/certification for the installation.
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