Tag: Lendermonitor
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Conveycentric on Notice of Imminent CML Handbook Changes
Conveycentric has been notified by the Council of Mortgage Lenders that they intend to publish important amendments to the CML Lender’s Handbook for England and Wales on July 8, 2013. Members and relevant stakeholders consulted on the changes for the new Part 1 question added as 5.20.4, which were made necessary by the Green Deal.…
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CML Handbook Changes likely to be prompted by Green Deal
Hot on the heals of my earlier blog relating to the conveyancing implications of the Green Deal the CML has outlined a number of issues where it sees potential problems.Predictably, and no doubt wishing to be politically correct, the CML declares that lenders welcome measures to reduce household energy expenses, however funded. The initiative itself,…
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Halifax Solicitors Panel – Requirements for e-Document Registration
Solicitors on the Halifax Solicitors Panel should take note of an important change concerning sending the lender the original mortgage deed post completion of registration of their charge. Ordinarily Halifax’s Part 2 retirements dictate that the Land Registry should retain the original deeds. As of today I have been notified via LENDERmonitor of the following…
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Are you a conveyancing solicitor facing a claim by a lender ?
If so consider the following four points after notifying your insurers : Was the valuation report was negligent? If so, and the valuer has insurance or assets, bring contribution proceedings against the valuer. Is this a no transaction case or a reduced transaction case? Lenders frequently try to argue the former without any proper regard…
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Predictions for Conveyancing in 2013
Predictions for Conveyancing in 2013 Looking back at 2012 it was quite an eventful year, although, that being said it was simply keeping apace with 2011. So what might 2013 have in store for the conveyancing fraternity? Here are my top predictions: The Law Society and CQS can look towards 2013 with a degree of…
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What conveyancers can learn from Van Halen
It’s one of those rock ‘n’ roll legends that turns out to be true: in the 80s rock band Van Halen famously (or infamously) had a rider in its contract which required promoters to provide the band a large number of M&Ms in the dressing room. But brown M&Ms were forbidden. If the band found…
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Increasing water pressure on Lenders
It looks as though Water Industry Property Information Network (WIPIN), the trade association representing the 10 Water and Sewerage companies of England and Wales who provide Drainage and Water Searches, are finally reaping the rewards for lobbying lenders on the issue of personal water and drainage searches. Personal water and drainage searches exist in the…
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HSBC publishes new Part 2 requirements on the CML website
HSBC Bank PLC have, within the last 24 hours published their CML Handbook Part 2 requirements on-line for the first time. Up until now,HSBC had issued their blue booklet of conveyancer requirements direct to lawyers with their mortgage offers. Up until now, if you were searching on-line for the CML handbook Part 2s for HSBC…