Wednesday 1 June 2016

CML Handbook Amendment - Part 3 Handbook Standard Requirements Letter

The CML have made an amendment the example standard requirements letter, which was developed when they introduced Part 3 of the CML Lenders’ Handbook.  

The amendment deletes the final sentence of the sixth bullet under the ‘Pre-exchange’ section: ‘If you intend to use personal searches, please contact us to discuss this so we can ensure we are able to rely on the searches’, at the request of the Council of Property Search Organisations, as it was superfluous, given the reference to Part 1 of the Handbook.

Links to the example standard requirements letter appear at Clause 1.4 of Part 3 of the Handbook; and on the landing page of the Lenders’ Handbook on the CML website.  They have both been updated.

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