Lender Handbook Archive
What did the mortgage lender require when the transaction took place? Check the Lexsure Lender Archive and purchase the relevant historical lender record where available.
Today’s UK Finance Mortgage Lenders’ Handbook may differ from the instructions applicable to an earlier purchase or remortgage. Dated lender-specific requirements can help when reviewing a conveyancing file, responding to a lender audit or investigating a complaint or professional indemnity claim.
Need the lender’s historical requirements?
Identify your lender, transaction date and issue, then check availability and purchase the relevant dated record from the Lexsure Lender Archive.
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Nat West change P2s relating to Shared Ownership
National Westminster Home Loans have just changed their version of Part 2 of the CML handbook relating to Shared Ownership. Section 5.18.1 now reads “We do not lend on shared ownership properties. For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.” What do…
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A few conveyancing questions for you :
* Arm’s length Transactions. When is it permissible to act for both parties? Do you understand the rules? * Are you familiar with the types of instruction that may be acceptable from a lender, in compliance with R.3? * Guidance on Conflicts and Confidentiality * Identification issues: what is acceptable to the Lender? How are…