Tag: Green Deal
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Conveycentric on Notice of Imminent CML Handbook Changes
Conveycentric has been notified by the Council of Mortgage Lenders that they intend to publish important amendments to the CML Lender’s Handbook for England and Wales on July 8, 2013. Members and relevant stakeholders consulted on the changes for the new Part 1 question added as 5.20.4, which were made necessary by the Green Deal.…
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Is the Green Deal a charge against a property?
It is a common misconception amongst the public and conveyancers that the Green Deal creates a legal charge over a property. It does not. The Energy Act 2011 prevents a Green Deal Provider from taking a charge over a person’s property by way of security for payments due under the Plan.
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CML Handbook Changes likely to be prompted by Green Deal
Hot on the heals of my earlier blog relating to the conveyancing implications of the Green Deal the CML has outlined a number of issues where it sees potential problems.Predictably, and no doubt wishing to be politically correct, the CML declares that lenders welcome measures to reduce household energy expenses, however funded. The initiative itself,…
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The Green Deal ; Yet another example of the 'complexity creep' in conveyancing
On Monday 28th January the government formally launched the Green Deal scheme following its inception in October 2012. The intention behind the legislation is to improve the energy efficiency of the property stock in the UK. I have been asked by a number of conveyancing solicitors about what additional responsibilities there are for conveyancers during…