The CML Lenders Handbook & BSA Instructions
The Lenders' Handbook has been around for some time now, but it doesn't stand still; it is constantly changing. Experienced conveyancers may take it for granted; some new conveyancers may not have studied the handbook carefully, both options are dangerous.
Have you seen the Building Society Association's Standard Mortgage Instructions? How are they different from the CML Lenders' Handbook?
Practice Rule 3.19 was an integral part of the Handbook but it has now been abolished. This has forced the creation of a new CoT for both solicitors and licensed conveyancers.
With reductions of lender's panels you may only be acting for the borrower or the lender. The CML has launched The Lenders Handbook Part 3 for separate representation. How well has this been thought through? What are the problem areas?
These and other questions will be answered in this three hour trip through the 'mortgage instruction minefield'.
What You Will Learn
This seminar will cover the following:
- The new CoT and what it means
- The main differences between the CML and BSA instructions
- Leaseholds - flats
- Separate representation - The lenders' Handbook Part 3
- Registration - 'big brother' IS watching
Find out why MBL gets feedback for Keith such as "Excellent speaker, not confined to reading notes. Great knack of explaining facts of cases. Kept my attention!".