Tag: 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 !
One major difference between the BSA instructions, introduced last month, and the CML Handbook is additional clauses dealing with the registration of mortgages where a priority period has expired. Clause E.30 states “If you cannot register our mortgage within the priority period afforded by your Land Registry Search made before completion you must register a…
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BSA releases their conveyancing requirements
The BSA’s Mortgage Instructions launched today provide a full set of conveyancing instructions for conveyencers acting on behalf of BSA Members and their subsidiaries in residential conveyancing transactions. The Instructions come into full effect from 1 January 2010. The conveyancing Instructions are being used by 31 lenders including 27 building societies. The BSA Mortgage Instructions…