UK Finance Mortgage Lenders Handbook
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Nationwide Lease Extension Update: Referrals and the Two-Week Rule
Nationwide Building Society’s updated guidelines for lease extensions emphasize compliance with the Leasehold Reform, Housing and Urban Development Act 1993. Conveyancers must submit detailed lender enquiries two weeks before exchange, ensuring adherence to lender criteria. Proposed extensions not meeting requirements must be referred, clarifying risks and justifications. LENDERmonitor notifications are crucial for tracking changes.
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Lender Portal Acknowledgement Is Not Approval: What Conveyancers Must Check
A lender portal confirms that your report has been received. The completion date is approaching. The buyer wants reassurance. But has the lender actually authorised the proposed course of action? Lexsure’s October 2026 POLICYmonitor update addresses this important distinction. Its revised lender-reporting wording states that an automated acknowledgement, confirmation of receipt or absence of a…