Policy Change for Halifax Solicitor Panel
Change Date: 13/01/2023
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2023 No.57
Policy changes relevant to
Halifax
Solicitor Panel
| Updated |
|
13/01/2023 |
| 5.19.1- If different from 1.11, contact point for lending on affordable housing, shared equity and shared ownership and where relevant your requirements: |
For contact, see the mortgage offer for address and fax
number. If the property is being purchased under an Affordable Housing scheme, our requirements are covered in the Affordable Housing Guidance Notes for Conveyancers. In the meantime, our updated requirements can be found by copying and pasting the following link http://www.cml.org.uk/cml/filegrab/?ref=8964 into your browser. |
For contact, see the mortgage offer for address and fax
number. If the property is being purchased under an Affordable Housing scheme, our requirements are covered in the Affordable Housing Guidance Notes for Conveyancers. The Notes are in the process of being updated, however, in the interim please note the following in relation to Section 4 - Shared Equity Schemes. From 16th January 2023 we will only lend on Affordable Housing Shared Equity Schemes this means Government funded, social housing and co-funded social housing schemes. We will not lend on private company schemes and you must tell us if this the scheme is run by a private company (e.g. builders, developers or employers). If you receive a mortgage offer for a Shared Equity Scheme where the scheme is run by a private company, you must tell us immediately. We will then confirm to you whether the matter can proceed. You do not, however, need to contact us if you hold the mortgage offer issued was issued before 16th January 2023 In the meantime, our updated requirements can be found by copying and pasting the following link http://www.cml.org.uk/cml/filegrab/?ref=8964 into your browser. |
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