Change Date : 18/10/2016
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2016 No.509


Policy changes relevant to
The Mortgage Works Solicitor Panel

Updated 08/07/2016 18/10/2016
5.4.4- Does the lender want to receive environmental or contaminated land reports? No, nor do we require any ancillary reports (e.g. flooding, contamination and energy and infrastructure reports) that you have requested, even if adverse information is revealed, provided the applicant is aware and full disclosure has been made to the insurer prior to completion and insurance can be provided under normal terms. No, nor do we require any ancillary reports (e.g. flooding, contamination and energy and infrastructure reports) that you have requested for the borrower, even if adverse information is revealed, provided the borrower is aware and you have advised them that full disclosure must be made to the insurer prior to completion and they must obtain insurance under normal terms.

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