Change Date : 03/12/2010
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2010 No.4396


Policy changes relevant to
RBS (One Account) Solicitor Panel

3.1.4- Does the lender require notification of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller? [ Original answer is blank ] Only if we specifically request you to do so.
3.2.3- Does the lender require notification of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller? [ Original answer is blank ] Only if we specifically request you to do so.
5.4.1b- Does the lender limit its requirements in terms of time for building regulation consents? If so, please specify: [ Original answer is blank ] No.
6.14.3- Does the lender require insurer's confirmation to notify it of non-renewal/cancellation for buildings insurance policy? Yes, if the Facility value (as stated in the Offer) exceeds £500,000. Yes, if the Facility value (as stated in the Offer) exceeds £1,500,000.
6.14.4- Does the lender require a copy of the buildings insurance policy and last premium receipt to be sent to you? No, unless the Facility value (as stated in the Offer) exceeds £500,000. No.
8.1- Does the lender allow me to advise any of the specified third parties? No. With regard to 8.1 bullet 3 you must strongly recommend to anyone intending to occupy the property who is to execute a consent to mortgage that they should obtain independent legal advice. No.
You must strongly recommend
to anyone intending to guarantee the mortgage that they should obtain independent legal advice and provide them with a copy of the conditions.
You
must strongly recommend to anyone intending to occupy the property who is to execute a consent to mortgage that they should obtain independent legal advice and provide them with a copy of the conditions.
16.3.7b- What form of attestation clause does the lender use? Not applicable. See 16.3.1 above. Signed and delivered as a Deed for and behalf of the Bank by a duly authorised signatory.