Lender Handbook Archive
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Kensington Mortgagee Protection Clause: Deed of Variation, Side Agreement or Insurance?
Kensington Mortgage Company’s new answer to question 5.14.11a of the UK Finance Mortgage Lenders’ Handbook addresses leases that lack a mortgagee protection clause. The instruction starts with the conveyancer’s professional judgement. Where the conveyancer considers that the lease requires a mortgagee protection clause and none is included, Kensington requires an appropriate solution before the transaction…
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Japanese Knotweed on the Development Is Stopping Buyers Getting Mortgages
A new-build seller may discover that Japanese knotweed elsewhere on the original development is preventing their buyer from obtaining a mortgage. What evidence can save the sale, and what should have been disclosed when the property was bought?