Tag: UK Finance Mortgage Lenders’ Handbook
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Drafting A CQS Dealing with Lender Policy Template
Section 6.4 of the 2022 Conveyancing Quality Scheme (CQS) Core Practice Management Standards (CPMS) requires CQS-accredited law firms to have a Dealing with Lenders Policy in place. However, it has been brought to my attention that SROs face challenges in formulating this particular CQS policy. A meticulously formulated CQS Dealing with Lenders Policy, should accurately…
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UKF Mortgage Lenders Handbook Glitch – HSBC UK Bank plc
Queries on HSBC UK’s Part 2 UK Finance Lenders’ Handbook instructions are not returning the correct responses when the “Part 2 only” option is selected. This is owing to a technical issue which the UK Finance Lenders’ Handbook platform provider is working to fix. UK Finance apologises for any inconvenience this might cause. To see…
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CQS CPMS is evolving. Ready for the changes?
Effective May 2022, modifications to the Conveyancing Quality Scheme (CQS) practices for Part 2 of the UK Finance Lenders’ Handbook will be implemented. The newly introduced Core Practice Management Standards (CPMS) by CQS outline updated procedural guidelines for Part 2 of the handbook, mandating adherence. 6.4(b) of the the new CPMs requires that firms must…
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No Lender Lockdown When it Comes to Handbook Changes
In the last three months Lexsure has witnessed significant activity by lenders changing their Handbook requirements. Whilst firms currently encounter a slowdown in activity from buyers and sellers there is no hold-up in lenders revising their instructions to law firms. Here are some of the facts and figures: Lender Sections Changed Separate Events Barclays Bank…
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Handbook Changes – Top Lenders Start 2018 with Updates
It has been a busy start to 2018 when it comes to lenders changing their Handbook instructions. Three weeks into to the new year eleven lenders have updated their instructions via Part 2 of the UK Finance Mortgage Lenders’ Handbook for conveyancers. Twenty six sections have been changed. Examples of top lenders who have made…
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CML Lenders’ Handbook to be Renamed on 1st July
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on activities previously carried out by the Asset Based Finance Association,…