Tag: Building Society Panel
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Leeds Building Society – Shared Ownership Mortgage Requirements
Leeds Building Society conveyancing panel should be aware that it is a standard offer requirement that Leeds Building Society receives a copy of the Housing Association consent to their mortgage BEFORE funds are released. This lender policy requirement is missed by some firms (CQS or otherwise). Firms need ensure that this is submitted before the…
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Building Society Panel on Notice of Tighter Minimum Lease Terms
The trend for lenders to shy away from more complicated properties continued yesterday with Tipton Coseley Building Society adding ten years to their mortgage instructions relating to minimum lease terms. Tipton publish their specific requirements via the BSA website. To see the old wording and new wording for this change click here. This change comes…