November 2016 Overview
UK Finance Lenders’ Handbook and BSA Mortgage Instruction Changes
Key Statistics for November 2016 in England & Wales:
- 35 lenders made changes to their instructions
- 16 working days out of 22 Lexsure sent a change notification to subscribers of the alert service.
- 130 sections were changed by lenders
- 5 lenders made changes to their minimum lease term requirements
- 6 lenders made changes on more than one occasion in November
- 3 lenders set out a disclosure obligation relating to Japanese knotweed
- One lender set out new (and daunting) obligations in relation to independent advice for joint borrowers
