CML
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When Extending a Priority Search Is Not Enough !
The BSA’s new mortgage registration instructions introduce clauses E.30 and E.31, addressing issues of delayed mortgage registrations beyond priority periods, which can lead to professional negligence. This change has faced opposition from the Law Society, describing it as burdensome for conveyancers and raising concerns about associated costs for compliance.
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Law preventing pulling of rug from under tenants feet
Last week saw the second reading, in the House of Commons, of The Mortgage Repossessions (Tennant Protection ) Bill. The proposed legislation aims to give private tenants greater protection from repossession if their landlord defaults on the property mortgage. If passed it is believed that the Bill would close a legal loophole causing problems for…