Busy October for CML Handbook Changes

October 2016 proved to be a busy October when it came to changes to lenders' Part 2 sections of the CML Handbook. 31 lenders made changes. This compares to 10  lenders in the same month 2015, 17 in 2014 and 24 in 2013.

159 sections were changed with the most top ten most changed sections being :

Times changed	Section	Question
13	6.7.1	What new home warranty schemes are acceptable to the lender?
10	5.1.1	If different from 1.11, the contact point if the seller has owned the property for less than 6 months:
4	5.14.1	What minimum unexpired lease term does the lender accept?
3	6.6.4	Does the lender lend where the property comes within the definition of a house in multiple occupation?  If yes, what are your requirements?
2	5.4.4	Does the lender want to receive environmental or contaminated land reports?
2	14.2.1	Where should the title deeds and documents be sent?
2	14.2.2	Which documents must I send after completion?
2	14.1.5	Does the lender need to be sent the original mortgage deed and/or any other original title documents?
2	6.6.1	If different from 1.11, contact point if property is let/to be let and to check you lend on buy-to-let:
2	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?

The more notable changes in October were (in no particular order):

Lender	ID	Date
Birmingham Midshires	v.2016 No.518	24-Oct
Halifax	v.2016 No.521	24-Oct
Allied Irish Bank (GB), a trading name of AIB Group (UK)	v.2016 No.510	20-Oct
The Mortgage Works	v.2016 No.509	18-Oct
Coventry Building Society	v.2016 No.492	7-Oct

Other lenders who made changes in October include :

Adam & Company

Bank of Cyprus UK

Bank of Ireland (UK) plc

Bank of Ireland as Bank of Ireland Mortgages

Bank of Scotland Beginning A

Bank of Scotland Beginning O

Coutts

Coutts Finance Co

Darlington Building Society

Godiva Mortgages Ltd

Hampden & Co plc

HSBC Bank plc

Intelligent Finance

ITL Mortgages

Leeds Building Society

Lloyds Bank plc pre fixed 20/40

Lloyds Bank plc pre fixed 50/30/77

Lloyds TSB Scotland plc

Loughborough Building Society

Monmouthshire Building Society

Nationwide Building Society

Precise Mortgages (Charter Court Financial Services Ltd)

The Mortgage Business

Tipton & Coseley Building Society

TSB Bank plc

Vida Homeloans