Tag: Leasehold
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Renters’ Rights Act 2025: Proactive Steps
With the Renters’ Rights Act Information Sheet 2026 now published, conveyancers have a unique window to add value to their clients and future-proof their own precedents. The goal is simple: ensure your Buy-to-Let (BTL) clients are compliant by the 31 May 2026 deadline, avoiding the new £7,000 local authority fines. The Precedent Audit: Quick Wins…
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Santander Conveyancing Panel: Important Update to Ground Rent Requirements
For firms on the Santander Conveyancing Panel, staying aligned with the lender’s evolving criteria is essential to ensuring smooth completions and avoiding post-offer delays. Santander has recently updated Part 2 of the Lenders’ Handbook, specifically under Section 5.14.9, introducing new benchmarks for acceptable ground rent provisions. As leasehold reform continues to be a focal point…
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Lender Updates Leasehold Policy
MPowered Mortgages updated their P2 policy for leasehold properties, setting strict guidelines for ground rents, maintenance charges, and property valuations. Legal firms handling CQS should be aware of these changes.