Scotland
The following issue updates are available for Scotland.
Automated registration of title to land in Scotland (ARTL)
9 September 2008 | 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
21 April 2008 | This policy issue deals with climate change.
Contaminated Land
9 October 2008 | This sets out lenders' current position on contaminated land.
Debt arrangement scheme
22 October 2008 | 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
28 October 2008 | 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
21 November 2008 | 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)
22 October 2008 | This explains the licensing requirements in Scotland where a rented property is occupied by 3 or more persons.
Housing Corporation (delegation) etc Act 2006
24 July 2008 | 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
21 October 2008 | 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.
Private landlords in Scotland - regulation
9 September 2008 | 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
9 September 2008 | 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
8 July 2008 | 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. It has now been put nito the Offical Journal, signalling formal adoption.
