Lender Handbook Archive
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First Direct Part-Exchange Purchases: What Conveyancers Must Report
First Direct changed its developer incentive reporting requirements on 30 September 2026. For a purchase involving part-exchange of the buyer’s existing property, the financial incentive reporting threshold is now 3% of the purchase price. Where there is no part-exchange, the threshold remains 5%. The change appears in First Direct’s England and Wales Part 2 answer…
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Bank of Scotland Lender Handbook Archive: Historical Requirements
What did Bank of Scotland require of a conveyancer when a mortgage transaction completed? The answer may depend upon the completion date. Mortgage lender instructions change, and the wording available today may not be the wording that applied when the conveyancing was undertaken. The Bank of Scotland Lender Handbook Archive provides access to Bank of…