CML Part 2
Historical articles on lenders’ Part 2 requirements in the former CML Lenders’ Handbook, including changes to conveyancing instructions on property, borrowers and reporting to lenders. Check the instructions applicable to the lender and transaction date.
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Halifax solicitor panel face new obligations for Transfer of Equity cases
In 2013 Halifax introduced an obligation requiring panel firms to confirm the effective date of a transfer of equity. The historical change remains a useful lesson in post completion controls, lender reporting and panel compliance.