Tag: Leeds Building Society
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Leeds Building Society – Shared Ownership Mortgage Requirements
Leeds Building Society conveyancing panel should be aware that it is a standard offer requirement that Leeds Building Society receives a copy of the Housing Association consent to their mortgage BEFORE funds are released. This lender policy requirement is missed by some firms (CQS or otherwise). Firms need ensure that this is submitted before the…
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Leeds Follow Other Lenders Giving Short Leases a Wider Berth
Conveyancers need to take special note of the recent trend in lenders increasing their minimum unexpired lease terms via amendments to section 5.14.1 of Part 2 of the CML Handbook. If I was still in practice I would definitely be referencing this trend in the report on title sent to clients purchasing leasehold flats with…