Tag: Flying Freehold
-
Flying Freehold Enquiries Take Off Post Brexit
CML post Brexit figures already indicate a slowdown in housing market. Perhaps it’s not surprising that so called ‘problematic properties’ i.e. those with more unusual characteristics are more difficult to sell. Specialist website www.flying–freehold.com has reported a ten-fold increase in enquires concerning flying freehold this August. This includes calls from a number of sellers who…
-
Reliance on CML Handbook Changes in 2016
CML Lender Kent Reliance (a trading name of OneSavings Bank plc) has kick-started 2016’s CML Handbook changes with amendments to eleven on it’s Part 2 sections. In changes which are consistent with predictions and trends identified in Lexsure’s 2015 Market Complexity Review ,amendments were made to the following sections: 5.4.6- Does the lender accept search…
-
Earl Shilton Building Society Conveyancing Panel on Notice of Flying Freehold Requirements
Earl Shilton Building Society have sought to clarify their instructions to their conveyancing panel in relation to their appetite to lend on Flying Freeholds. In a change to their BSA Mortgage Instructions the Society now requires their lawyers to provide details of cross covenants and legal rights and obligations for consideration. Full details can be…