Tag: Certificate of Title
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COT Assurances to Lenders to be Extended
An important amendment is be made to to clause 10 of the CML Lenders’ Handbook on 1 February 2016. The amendment will insert an additional sentence into clause 10.2 as follows: (additional wording in bold) 10.2 We shall treat the submission by you of the certificate of title as confirmation that the borrower has chosen to proceed with…
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CML Lenders' Handbook Amendment for Mortgage Credit Directive
The CML will be publishing a change to the Handbook on 1 February 2016. as a result of the Mortgage Credit Directive. Additional wording in clause 10.2 is to be introduced to reflect the mortgage credit directive and concepts of binding offer and reflection period. The wording allows for the conduct of the borrowers agent…
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Required Reading, With Care…
This weekend, consider reading the decision of Santander UK Appellant v. R.A. Legal Solicitors, focusing on Lord Justice Briggs’ remarks about the dishonesty in conveyancers submitting unqualified certificates of title despite outstanding investigations. His comments highlight the severity of deliberate misconduct in legal practices.