Thursday 29 December 2016

Metro Bank Updates CML Handbook Post 2 Instructions

Metro Bank PLC have just updated 15 sections of their CML Handbook Instructions. Some of the more notable section changes include : 

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

5.14.1- What minimum unexpired lease term does the lender accept?

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?

7.3- Does the lender require a consent to mortgage from all occupants aged 17 or over?

Lawyers on the Metro Bank Conveyancing Panel in particular should take note. To see the changes click here

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