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