Tag: Kensington Mortgage Conveyancing Panel
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Personal Searches: When ‘Yes’ means ‘No’
Kensington Mortgage just changed their Part 2 requirements to 5.4.5 of the Lenders Handbook. The section addressed whether the lender accepts personal searches and, if yes, what are their requirements? The previous answer was: No, we do not accept all personal searches without limitations. Our requirements as to personal searches are as set out in…
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Kensington Opens Doors to HMOs..But…
Kensington Mortgages have changed their attitude and CML Handbook instructions relating to houses in multiple occupation. Up until yesterday the lender specified via Part 2 Section 6.6.4 that it would not lend where the property came within the definition of a house in multiple occupation? The new answer to Section 6.6.4 reads: Yes, on the basis that…
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Kensington Mortgage Conveyancing Panel Witness P2 Changes to Insurance Requirements
Kensington Mortgages have changed their policy when it comes to building insurance checks to be conducted via lawyers acting on their behalf on conveyancing matters. Via changes to their CML Handbook provisions Kensington Mortgages now require that he maximum excesses on building insurance for a property that they are lending on do not exceed £1000…
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Kensington Mortgage Conveyancing Panel and Broker Panel Witness Changes
Kensington Mortgages have changed their policy when it comes to lending on new build properties where the property does not have the benefit of a new home warranty scheme. Up until today the lender would not lend on new build properties not subject to an acceptable scheme. Kensington have changed their CML Handbook requirements which…