Monday 5 December 2016

November 2016 Overview - CML Handbook and BSA Mortgage Instruction Changes

Key Statistics for November 2016 (England & Wales):
  • 35 lenders made changes to their instructions
  • 130 sections were changed by lenders
  • 5 lenders made changes to their minimum lease term requirements
  • 6 lenders made changes on more than one occasion in November
  • 3 lenders set out a disclosure obligation relating to Japanese knotweed
  • One lender set out new (and daunting) obligations in relation to independent advice for joint borrowers
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