Lender compliance
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Missing planning permission: what did the mortgage lender require?
A missing planning document does not necessarily prove that development was unauthorised. If the issue emerges years after a purchase, the relevant question may be what the mortgage lender required on the original completion date
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The Pandemic Induced Panel Cull
Research indicates the UK property market may face a significant value decline and increased repossessions due to a COVID-19 recession. Conveyancing firms could suffer, facing scrutiny from lenders focused on offsetting losses. Proactive lender compliance audits are suggested as a means to mitigate risks and ensure firm resilience in challenging times.