Tag: CML
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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…
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China requires UK conveyancing protection
Bank of China has this week become a member of the CML setting out their conveyancing requirements through publishing their Part II requirements. For those not familiar with the CML Lenders Handbook, I should explain that The Lenders’ Handbook provides comprehensive instructions for conveyancers acting on behalf of lenders in residential conveyancing transactions. Part II…
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Will the Flood Risk Regulations 2009 affect Conveyancing ?
The well timed The Flood Risk Regulations 2009 (FRR 2009) will come into force next week on the 10 December 2009. The FRR 2009 transpose Directive 2007/60/EC on the assessment and management of flood risks (the Floods Directive) into law in England and Wales. The Regulations require lead local flood authorities to, amongst other things,…
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Council of Mortgage Lenders highlight HIPs as Hindering UK Conveyancing
UK lenders who have clear interest in the future of conveyancing have recently commented on a Law Society Consultation on Improving Residential Conveyancing. Lenders rely on conveyancing solicitors and conveyancing lawyers to act for them both at the outset of a mortgage transaction or where lenders exercise their power of sale. The CML express doubts…