Scotland
The following issue updates are available for Scotland.
Arrears and Possessions in Scotland
22 January 2010 | The Scottish Government has published the report of an independent group set up to consider issues relating to possessions in Scotland. It has indicated that it will proceed to take forward the group's recommendations. If implemented these recommendations will have implications for members.
Automated registration of title to land in Scotland (ARTL)
23 December 2009 | The Registers of Scotland which is the Executive Agency with responsibility for the land register in Scotland plans to introduce an electronic process to register deeds in the land register.This will include security deeds.
Banking Bill 2008
9 October 2008 | The Banking Bill was introduced in Parliament on 7 October 2007. It makes a number of changes to the Financial Services Compensation Scheme, the procedures and powers for dealing with banks in financial difficulties, the powers of the Bank of England (BoE) in relation to the interbank payment system, the rights of commercial banks to issue bank notes and the governance of the Bank of England in relation to the maintenance of financial stability.
Climate change
9 July 2009 | This policy issue deals with climate change.
Consumer Credit Act regulated lending in Scotland
28 January 2010 | The Scottish Parliament has introduced an Act of Sederunt which has implications for lenders where they are seeking in Scotland to recover sums advanced in realtion to lending which is regulated by the Consumer Credit Act 1974.
Contaminated Land
17 August 2009 | This sets out lenders' current position on contaminated land.
Debt arrangement scheme
23 December 2009 | This update looks at the debt arrangement scheme (DAS), a debt management tool which was introduced in Scotland in November 2004 for people with two or more debts who could pay what they owe given more time.
Homelessness etc. (Scotland) Act 2003
23 December 2009 | Under Section 11 of the Act, a lender holding a standard security over a residential property in Scotland will be required to give notice to the local authority where the property is situated when they issue a calling up notice, default notice or make an application to the court for a warrant of possession under a standard security.
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.
Houses in Multiple Occupation in Scotland (HMOs)
23 December 2009 | This explains the licensing requirements in Scotland where a rented property is occupied by 3 or more persons.
Housing Corporation (delegation) etc Act 2006
3 November 2009 | This paper provides a brief overview of the Act, which received Royal Assent in July 2006 and came into effect immediately. The Act addresses problems caused by the Housing Corporation incorrectly granting consents to registered social landlords.
LIFT (formerly HomeStake) - a shared equity scheme operating in Scotland
4 January 2010 | A shared equity scheme known as LIFT (low cost initiative for first time buyers) has been introduced in Scotland to assist those on low incomes who wish to buy a house but cannot afford to pay the full price.
Mortgage Rescue in Scotland
23 December 2009 |
Provides a summary of the mortgage rescue schemes in Scotland.
Private landlords in Scotland - regulation
23 December 2009 | This policy issue deals with a registration scheme for private landlords which was introduced in Scotland on 30 April 2006. It has implications for landlords, tenants and lenders.
Private landlords in Scotland - repairing standards
23 December 2009 | From 3 September 2007 there are important changes in the laws covering the responsibilities of private landlords in Scotland to carry out repairs.
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.
