With conveyancers focusing their attention on holding transactions together and addressing failed completions, it’s easy to understand why the lender client may not be at the forefront of the lawyer's mind.
Nevertheless, in the last few weeks an increasing number of lenders are changing Part 2s of the UK Finance Mortgage Lenders' Handbook. This 30-minute webinar highlights a selection of recent key amendments.
Staying abreast of policy changes is particularly important at a time when lenders are making a significant number of crucial changes.
COVID-19 may well result in significant mortgage defaults. Lenders will not swallow their losses happily. For conveyancers, that means a tsunami of file reviews because lawyers are an easy target for a lender looking to offset a loss – or pass it on altogether. Any failure by the lawyer to comply with the letter of their mortgage instructions – typically based on the lenders’ handbook – will be pounced upon.
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Please Note: Webinars are only available to law firms regulated by CLC or SRA in England and Wales. You must specify the firm that you are working for. Registrations from generic email domains such a gmail.com or btconnect.com will not be accepted. Click here for more info. Regulators, Lenders and Insurers are welcome to book personal webinars by contacting Lexsure directly.