Tag: Flying Freeholds
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CML Handbook P2 Changes 2013 – Review At-a-Glance
Lenders made 68% more changes to their requirements in 2013 compared to 2012 According to Lexsure’s review, 91% of CML lenders amended their Part II policies last year, with over 1,793 sections changed. This represents a 68% rise in policy change activity compared to 2012. Some of the more frequent changes focused on the following:…
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Lenders Shying Away From Freehold Flats
The current trend in lenders being more picky with premises they will lend on, avoiding anything remotely controversial, continued yesterday as Yorkshire Building Society (YBS) changed their view on freehold flats. Up until their recent Part 2 CML Handbook change, YBS would lend on a freehold flat if the property was in the Scarborough area…