Deed of Variation
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Kensington Mortgagee Protection Clause: Deed of Variation, Side Agreement or Insurance?
Kensington Mortgage Company’s new answer to question 5.14.11a of the UK Finance Mortgage Lenders’ Handbook addresses leases that lack a mortgagee protection clause. The instruction starts with the conveyancer’s professional judgement. Where the conveyancer considers that the lease requires a mortgagee protection clause and none is included, Kensington requires an appropriate solution before the transaction…
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When a Deed of Variation Changed More Than the Lease Plan
A deed of variation intended to correct a lease plan also changed the ground rent provisions. The buyer’s report did not explain the effect of those changes.