Tag: Dealing with Lender Policy
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Will Latest HMLR Initiative Hurt Firms?
At first instance, the latest HMLR dealing with lender policy seems like a helpful initiative. Don’t be fooled though: there is a sting in the tail. HM Land Registry has recently initiated the provision of direct access to application data for lenders. This access allows them to view the status of all mortgage security registration…
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Lexsure Publishes CQS Policy Updates for July 2023
Did you miss any of these new and updated optional paragraphs that were added or edited in Lexsure’s CQS Policy Template Documents database in recent weeks? Below is a list of examples of some of the latest suggested inclusions. High-risk Third Countries Your firm’s AML Policy should state that you apply EDD measures in any…
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CQS CPMS is evolving. Ready for the changes?
Effective May 2022, modifications to the Conveyancing Quality Scheme (CQS) practices for Part 2 of the UK Finance Lenders’ Handbook will be implemented. The newly introduced Core Practice Management Standards (CPMS) by CQS outline updated procedural guidelines for Part 2 of the handbook, mandating adherence. 6.4(b) of the the new CPMs requires that firms must…