BSA
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Building Society Panel on Notice of Tighter Minimum Lease Terms
Historical note: This article records a change to Tipton and Coseley Building Society’s mortgage instructions at the time of the original publication. It should not be treated as a statement of the Society’s current lending criteria. Conveyancers should check the current lender instructions before acting. The trend for lenders to take a more cautious approach…
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When Extending a Priority Search Is Not Enough !
The BSA’s new mortgage registration instructions introduce clauses E.30 and E.31, addressing issues of delayed mortgage registrations beyond priority periods, which can lead to professional negligence. This change has faced opposition from the Law Society, describing it as burdensome for conveyancers and raising concerns about associated costs for compliance.