All mainstream lenders provide their instructions to property lawyers via the CML Handbook or BSA mortgage instructions. Understanding a specific lender’s requirements and keeping up-to-date with changes can be a time-consuming manual process, particularly given that individual requirements can change on a daily basis.
In not addressing or overlooking a lender’s requirements, a solicitor or conveyancer risks being sued by the lender for the full value of the mortgage and their firm could be removed from the lender panel. The previous SRA thematic review into conveyancing revealed that a quarter of firms surveyed had experienced professional negligence claims relating to conveyancing work in the two years.
This free 30-minute webinar focuses on the more important changes in the last six months. It will also highlight trends that are emerging when it comes to lender behaviour in particular in relation to certain types of ‘problematic properties’ for example: short leases, absentee landlords, defective leases etc. The webinar is scheduled to last half an hour and will be split into four sections.
- Key statistics and figures in relation to CML Handbook changes (for example most common section changed etc)
- Significant CML Part 2 Changes in the last six months
- Trends that are emerging - examples of how lenders react to new and emerging risk by adapting their Part 2 requirements
- Demonstration of new Technologies are available to assist in CML Handbook compliance
Sorry, no more sessions remain in this webinar series.
This webinar took place in the past.
Please Note: Webinars are only available to law firms regulated by CLC or SRA in England and Wales. You must specify the firm that you are working for. Registrations from generic email domains such a gmail.com or btconnect.com will not be accepted. Click here for more info. Regulators, Lenders and Insurers are welcome to book personal webinars by contacting Lexsure directly.