CML Handbook Archive: Historical Lender Instructions
Looking for the CML Lenders’ Handbook instructions that applied to an earlier purchase or remortgage? The Handbook is now published under the UK Finance name, but today’s wording may differ from the requirements relevant to your transaction.
The Lexsure Lender Archive provides access to historical lender-specific requirements. Search by lender, transaction date and issue to help investigate an earlier file, complaint or professional negligence allegation.
Need the CML instructions that applied then?
A current Handbook search may not answer a question about an earlier transaction. Establish what the lender’s recorded requirements said at the relevant time.
Search the Lexsure Lender Archive by lender, transaction date and issue. Consider the historical wording alongside the mortgage offer, specific instructions and conveyancing file.
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Nationwide Building Society Sets Out New Ground Rent,Event Fees and Lease Length Policy
nationwide BS updated its Lender Handbook Part 2 regarding new build properties, specifying that new flats must have leases over 125 years and houses over 250 years. Additionally, ground rent cannot exceed 0.1% of property value. Reasonable ground rent escalations are allowed; unreasonable terms require referral. Subscribers can stay updated via the LENDERmonitor Alert Service.
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Conveyancers: Are you a Tortoise or Hare?
Conveyancing in recent years puts a premium on speed: the sooner, the faster, the better. You only have to look at most law tech companies in the conveyancing space to see claims of generating ‘greater efficiency’ or claiming that their software ‘speeds up the process’. I recently attended a managing partners seminar where one of…