Home buying and selling
The following issue updates are available for Home buying and selling.
Automated valuation models (AVMs) in the context of Basel 2 - FSA guidance
21 July 2011 | This page provides the FSA's view on how automated valuation models (AVMs) can be used in the context of Basel 2.
CML Cymru: developments in retail policy and lending
15 April 2011 | This page provides an update on developments in retail policy and lending issues in Wales and the work of the CML Cmyru.
Commonhold
21 December 2011 | Provides a brief overview of commonhold and related issues.
Conveyancing and Land Registry issues
30 November 2011 | This deals with general conveyancing issues. E-conveyancing is dealt with on a separate web page.
Conveyancing Quality, Solicitors' Client Compensation and Fraud Initiatives
13 December 2011 | This provides an update on the main initiatives underway relating to the conveyancing market and related areas such as solicitor client compensation and mortgage fraud.
Electronic conveyancing
8 December 2010 | This page summarises the Land Registry's e-conveyancing project to date. This has been updated to reflect the Land Registry's decision to suspend the e-charges and e-transfers initiatives indefinitely.
Energy Efficiency Initiatives
25 November 2011 | This provides information on a range of energy initiatives recently introduced or in the process of introduction by DECC and highlights particular areas of interest for lenders.
House-buying and selling in Scotland - Reform
1 February 2012 | The Scottish Government has announced plans to reform the house-buying and selling process in Scotland by introducing the home report with effect from 1 December 2008. This will impact on members lending in Scotland and a number of issues to be considered are included for members.
Modern methods of construction (MMC): the BBA and LPS 2020 certification
27 May 2011 | With MMC lenders require that properties are durable, that whole life costs are not excessive, repairable, adaptable and insurable. This page describes the certification schemes designed to meet lender concerns.
Mortgage regulation – cost transparency of valuation
16 March 2011 | Explains that lenders are required to disclose administration fees levied in connection with mortgage valuations.
New build
21 July 2011 | This page gives information about the conveyancing and valuation of new-build properties. Including the CML's disclosure of incentives form, the associated frequently asked questions document and an updated version of the RICS Red Book guidance to valuers on the issue.
Solar photovoltaic panels - leases of roofspace
25 October 2011 | This provides information about lenders' typical minimum requirements with regard to consenting to a lease of roofspace for solar photovoltaic panels on residential housing. It also includes the process of gaining consent.
Valuation advice in repossession cases
3 September 2009 | This paper, which was prepared by Richard White of Countrywide Surveyors, provides advice to lenders and valuers in connection with the valuation of repossessed properties. members might like to share this information with any asset managers acting on their behalf.
Valuation and survey procedures - simultaneous processes
21 July 2011 | Explains that lenders may in some circumstances be prepared to accept a mortgage valuation carried out by a surveyor instructed by a borrower to carry out a buildings survey or homebuyer's survey and valuation.
