Tag: Japanese knotweed
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Are Lenders Putting Conveyancers in a Stranglehold over Knotweed Obligations?
HSBC is the third lender in the space of a three week period to impose new requirements in relation to Japanese knotweed. In an update to their answer to 5.4.4 of Part 2 of the CML Handbook HSBC’s new requirements reads: Japanese Knotweed – You will need to advise the Bank if you become aware that…
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November 2016 Overview – CML Handbook and BSA Mortgage Instruction Changes
Key Statistics for November 2016 (England & Wales): 35 lenders made changes to their instructions 130 sections were changed by lenders 5 lenders made changes to their minimum lease term requirements 6 lenders made changes on more than one occasion in November 3 lenders set out a disclosure obligation relating to Japanese knotweed One lender…
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Japanese Knotweed : Knot Disclosing to Lenders
This week three lenders followed HSBC’s lead* in using the CML Handbook Part 2 to set out their conveyancing instructions relating to Japanese Knotweed. What should otherwise be a simple ”yes-or no” to question 5.4.4 instead stands as just the latest example of how lenders can utilise Part 2 of the CML Handbook to heap…
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Latest HSBC CML Handbook Change will Have Conveyancers Tied up in Knots
What should otherwise be a simple ”yes-or no” question instead stands as just the latest example of how lenders use the CML Handbook to heap more complex and onerous obligations on their conveyancing panel lawyers. But, since nothing is ever simple when it comes to CML Handbook compliance, the question “Does the lender want to…