CML Lenders' Handbook
New mortgage market rules
On 26th April 2014, new mortgage market rules come into force. This note sets out the changes which conveyancers should be aware of.
The CML Lenders' Handbook provides comprehensive instructions for conveyancers acting on behalf of lenders in residential conveyancing transactions. It is divided into two or three parts, depending on the jurisdiction. Part 1 sets out the main instructions. Part 2 details each lender's specific requirements. There is a Lenders' Handbook part 1 and part 2 for each legal jurisdiction in the UK. On 2 July 2012 we published Part 3 of the Lenders’ Handbook for England & Wales. Part 3 sets out the standard instructions in the event that a conveyancer is representing the lender separately from the borrower in a residential conveyancing transaction in England and Wales only. These instructions consist of a new part 3 to the Handbook for England & Wales which should be read in conjunction with parts 1 & 2 where it applies. An example requirements letter to the borrower's conveyancer has also been developed for use and adaption by the lender's conveyancer, and advises the borrower's conveyancer of the documentary and information requirements of the lenders' conveyancer. Further information can be found in the FAQs section.
Use the search below to select a region and/or a lender's part 2 response. You can view the part 1 or part 2 individually or in the same document. The part 3 can only be viewed individually but links are provided between the part 1 and part 3 where relevant. You can also view all lenders' responses to a specific question by browsing to any lender part 2, finding the question and clicking on 'View all answers to the question'.
If a lender is not listed in the search they may not sign up to the Handbook and you should contact them direct. If you have any queries about the Handbook please view the FAQs section. See our Summary of amendments for previous versions of the part 1.