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
17 August 2009 | 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
10 June 2009 | This page provides an update on developments in retail policy and lending issues in Wales and the work of the CML Cmyru.
Commonhold
2 February 2010 | Provides a brief overview of commonhold and related issues.
Conveyancing and Land Registry issues
3 February 2010 | This deals with general conveyancing issues. It has been updated to note note possible future changes in court rules for possession proceedings.
Electric and magnetic fields (EMFs)
24 September 2009 | This page provides an update on current work on electric and magnetic fields and their potential to impact on lending.
Electronic conveyancing
2 February 2010 | The Land Registry's revised timetable for e-conveyancing. An update on the introduction of EDS1, e-charges, e-transfers and Land Registry fees.
Home information packs - recent developments
4 February 2010 |
Home inspectors and valuations
17 August 2009 | This page provides information on the possibility of home inspectors with a new valuation qualification providing valuations for lenders.
House-buying and selling in Scotland - Reform
23 December 2009 | 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 new LPS 2020 certification standard
9 July 2009 | We have been working with the Building Research Establishment (BRE) to develop a certification standard to meet lender concerns about the design, maunufacture and onsite erection of MMC.
Mortgage regulation – cost transparency of valuation
9 July 2009 | Explains that lenders are required to disclose administration fees levied in connection with mortgage valuations.
New build
9 July 2009 | 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.
Property information systems common exchange standard - PISCES
17 August 2009 | PISCES enables the electronic transfer of information directly from one system to another. Lenders are encouraged to adopt PISCES standards and assist in developing new ones.
Rome 1 regulation on applicable law: implications for mortgage lenders
5 November 2009 | This paper provides an update on aspects of the regulation of relevance to mortgage lenders. The regulation was agreed by the European Parliament in December 2007 and was signed off finally in Council on 17 April 2008 and has been formally adopted. The UK Government has now signaled its intention to opt into the regulation from 17 December 2009.
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
9 July 2009 | 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.
