Lenders Scale Back Commitment to Submit Electronic DS1's

Lenders such as RBS, Direct Line, Virgin One and National Westminster Bank have scaled back from their previous commitment to 'endeavour to submit an Electronic DS1 to HM Land Registry within five working days'. The CML Handbook Part 2 change has resulted in the lenders stating 'wherever possible we will endeavour to submit an Electronic DS1 to HM Land Registry within a reasonable timescale.' To see all the recent changes (13 lenders published changes yesterday) you will need to sign up to LENDERmonitor.