CML Lenders' Handbook June 2010

Transcription

1 *** It is important to note that whilst the written guidelines may indicate that personal searches are not accepted, exceptions may be made *** Lender (Copies Enviro Reports) (Personal Searches) All personal searches without Santander UK PLC,unless the valuer asks in his. valuation report (and a copy of the valuation report is sent to you) for enquiries to be made. Accord Mortgages Ltd ; these are acceptable without (subject to the requirements listed in Part 1) provided you give CML Lenders' Handbook June 2010 Personal searches must satisfy Personal searches must the requirements of paragraph satisfy the requirements of and paragraph and Personal searches must satisfy the requirements of paragraph We will not accept search insurance in place of Land Registry searches but will accept search insurance in lieu of other required searches, but only at your own risk. See See See , subject to the and provided you give an unqualified Certificate of Advantage (Morgan Stanley Bank International Limited) - these are acceptable without (subject to the requirements listed in Part 1) provided you give Aldermore Bank PLC., when forms part of HIP otherwise a full Local Authority search is required. - subject to the and provided you give an unqualified Certificate of. Our requirements as to personal searches are as set out in paragraphs and of Part 1. Personal searches are carried out at the solicitors' own risk provided adequate insurance is in place.. for remortgages only, providing the search able Alliance & Leicester PLC Allied Irish Bank (GB), a trading name of AIB Group (UK) plc, but you must report any, subject to the following. Search firm must subscribe, provided that the search material issues which could affect the proposed security to the CoPSO protects us (see of Part 1 of the Lenders' Handbook) and that you provide us with If enquiries reveal concern regarding environmental or contaminated land issues, Amber Homeloans Ltd - Summary Consultants Certificate only, Aviva Equity Release UK Ltd CoPSO Please contact the lender Bank of China (UK) Limited NO Bank of Cyprus UK Only if the valuer suggest such reports are necessary. - provided you can give a clear Certificate of.. We will consider it in appropriate circumstances. Bank of Ireland as Bank of Ireland Mortgages Bank of Ireland as Bristol & West Mortgages Bank of Scotland - Beginning A, but only if they have been obtained as a result of any contaminated land entries revealed in the Local Authority search, but only if they have been obtained as a result of any contaminated land entries revealed in the Local Authority search.. NO t for purchase transactions. Different for remortgage transactions. The Search Code, For remortgage transactions monitored by the Property only, of up to and Codes Compliance Board. including 1 million, we do not require the Solicitor to make a Local Authority search or to effect local search insurance. Instead we shall take out a local search indemnity policy at our own expense. We will be the sole named insured on the policy. The Solicitor is also not required to carry out any mining, Cheshire Brine or commons registration searches on our behalf for remortgages up to 1 million. However, we recommend these are undertaken, where appropriate, if not previously carried out on behalf of the applicant (s). For purchases, only if the local search obtained for the transaction is now more than six months old and you are satisfied that the insurance policy adequately protects us.. Our requirements as to such searches are as set out in Bank of Scotland - Beginning O. Our requirements as to such searches are as set out in then 35 years. September 2007 ~ Page 1

2 Barclays Bank as The Woolwich Lender (Copies Enviro Reports) (Personal Searches) All personal searches without t desktop reports but any intrusive or investigative reports should be referred to the Issuing Office, at the Conveyancer's own risk, at the Conveyancer's own risk, provided adequate cover is arranged, at the Conveyancer's own risk Barnsley Building, with PCCB For remortgages if you are satisfied that their insurance arrangements adequately protect the. Barclays Bank PLC as Standard Life Mortgages Barnsley Building (a trading name of Yorkshire Building ),unless they contain adverse entries. Searches must satisfy requirements of paragraphs & Searches must satisfy requirements of paragraphs & Searches must satisfy requirements of paragraph Insurance must satisfy requirements of paragraph , these are acceptable without (subject to the requirements listed in Part 1) provided you give an unqualified Certificate of see see see , subject to the and provided you give an unqualified Certificate of Basinghall Finance PLC t usually, however, we expect you to carry out all the usual and necessary enquiries in accordance with the guidance in the Law warning card. If you have any concerns as a result of your enquiries and searches, please contact Lending Department for further instructions (address and telephone number at item 1.17), but only at your risk. See See See Beverley Building YES YES BUT PLEASE REFER TO JAN SCROWSTON BEFORE PROCEEDING Birmingham Midshires, our requirements as to such searches are as set out in REFER TO JAN SCROWSTON REFER TO JAN SCROWSTON YES BUT PLEASE REFER TO JAN SCROWSTON BEFORE PROCEEDING Bradford & Bingley PLC If you obtain an environmental or contaminated land report which contains information you believe will affect our security please forward a copy of the report with your recommendation. We require any such reports to be sitespecific. Searches carried out in provided you give an unqualified Certificate of Britannia, a trading name of The Co-operative Bank plc Capital Home Loans Chelsea Building, but please report any concerns to Mortgage and Insurance Customer Service Centre (see details in 1.7) Only if we have made this a specific condition in the mortgage offer., unless we specifically require or (if appropriate indemnity not relied on) the replies given by the Local Authority to your search enquiries suggest further investigation is necessary. at the solicitors own risk, must have adequate - personal searches are provided adequate insurance is in place insurance accepted at the solicitors own risk provided adequate insurance is in place Council of Property Search, at your own risk. You must Organisations (COPSO) ensure that the Search Code. search insurance policy adequately protects us., with Search firms must Code, monitored by PCCB., subject to the qualification in and being satisfied. Cheshire Building Search Code of the Property Codes Compliance Board Church House Trust Clydesdale Bank PLC, advise if there are any issues arising., provided the firm has indemnity insurance. This will be treated as being the case if the firm is registered with the Council of Property Search Organisations and the firm states that it complies with the Code of Practice for Compilers or Search retailers as the case may be. providing the requirements under sections , and in Part 1 are satisfied. See the minimum cover must be the open market value of the property. Co-operative Bank PLC - subject to following Property Codes Compliance Board by PCCB. Coutts & Co, provided they are See See See undertaken by a reputable search agent who has indemnity insurance and you can still give a clear Certificate of Coutts Finance Co, provided they are See See See undertaken by a reputable search agent who has indemnity insurance and you can still give a clear Certificate of Coventry Building, provided the Search Agent subscribes to the Search Code, monitored by the PCCB. Darlington Building, search firm must subscribe to the Search Code,, Search firm must subscribe to the Search Code,, search firm must Code, monitored by the PCCB., search firm must NO Code, monitored by the PCCB. September 2007 ~ Page 2

3 DB UK Bank Ltd Search insurance is acceptable subject to the following: - you are satisfied that our interests are adequately safeguarded - the sum insured of the policy is an amount at least equal to the mortgage advance or credit limit, whichever the higher - you can certify that the title is good and provide a clear Certificate of Derbyshire Building providing the requirements under sections , and in Part 1 are satisfied. See See providing the search Derbyshire Home Loans, provided of Part 1 See See See is complied with Dudley Building PCCB, contact office issuing mortgage instructions Dunfermline Building - if required by the Offer or the 's solicitor providing the requirements under sections , and in part 1 are satisfied See , providing the search Ecology Building Search firm must subscribe to the Search Code, monitored by PCCB by PCCB First Trust Bank Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender Furness Building Only if such reports indicate that the 's security may be adversely affected or if they are a requirement of the offer of mortgage. GE Money Home Lending Ltd - Prior to completion, subject to the solicitor ensuring adequate indemnity insurance is in place., but the conveyancer may do so at own risk GMAC-RFC Ltd at the solicitors own risk provided adequate insurance is in place The search code Re-mortgages only, subject to monitored by the Property an unqualified Codes Certificate of Compliance Board only., but the conveyancer may do so at own risk. Must have adequate insurance provided that the conveyancer is satisfied that the interests of GEMHL and The borrower are fully protected ( Please note this does not apply to coal Mining searches) In lieu of a local or personal search we only accept the Company's pre-agreed insurance policy through London & European. In order to register and to efect the policy, please visit To contact London & European, please call Local Search Indemntiy is not acceptable on mortgage advances above 500,000. Godiva Mortgages Ltd. See , provided the Search Agent subscribes to the Search Code, monitored by the PCCB. Halifax. Our requirements as to such searches are as set our in Halifax Loans Ltd Our requirements as to such searches are as set out within of Part 1. In addition a Chancel conducted over a term greater Harpenden Building Hinckley & Rugby Building, if available t mandaotry unless stipulated in the offer Refer Refer Refer - refer We would only wish to receive an, subject to your own risk, See See See Environmental or provided that the Contaminated Land Report if Personal Search company is there is an adverse registered under the contaminated land entry Independent Property Codes revealed in the local authority Compliance Board, search. ensuring that they comply with the Search Code monitored, and the appropriate indemnity is in place, and the search contractually indemnifies the lender (ourselves), particularly if relied on in a HIP. September 2007 ~ Page 3

4 Holmesdale Building only if the searches reveal the security is affected yes as an exception when covered by suitable insurance indemnity and providing cover extends to purchasers lenders. no yes,searches carried out in, see HSBC Bank PLC Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender HSMS Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender Infinity Mortgages, except searches from private search organisations - refer all personal search situations to Completions Department Refer all personal search situations to Completions Department Refer all personal search situations to Completions Department ING Direct, at own risk See See See A suitably qualified search agent carries out the personal search and has indemnity insurance which adequately protects us. Intelligent Finance. Our requirements as to such searches are set out in Irish Permanent International ITL Mortgages - provided the Search Agent subscribe to the Search Code, monitored by the PCCB The Search Code, monitored JPMorgan Chase Bank, N.A. - For remortgages only providing the search Kensington Mortgage Company Ltd, unless the Offer states otherwise., when forms part of a HIP otherwise a full Local Authority search is required.. Our requirements as to personal searches are as set out in paragraphs and of Part 1. Personal searches are carried out at the solicitors' own risk provided adequate insurance is in place., unless the Offer states otherwise. You should satisfy yourselves as to the policy terms on behalf of the borrower(s). Leeds Building Searches carried out in by the Property Codes Compliance Board. Lloyds TSB Bank plc (C&G mortgages) We accept personal searches carried out by qualified agents with suitable indemnity insurance., at your risk and provided you are satisfied that our interests are safeguarded. See See See , as approved by the acting solicitor. Lloyds TSB Bank plc (non- C&G mortgages) We accept personal searches carried out by qualified agents with suitable indemnity insurance.. See See See , as approved by the acting Solicitor Lloyds TSB Scotland We accept personal searches carried out by qualified agents with suitable indemnity insurance. See See See , as approved by the acting Solicitor Manchester Building Please contact the Underwriting Department Please contact the Underwriting Department Please contact the Underwriting Department, Please contact the Underwritng Department Market Harborough Building - to cover the mortgage debt Monmouthshire Building Only in cases where further Personal searches must Contact Lending Dept, please contact Lending enquires are recommended in the satisfy the requirements of Head Office Dept, Head Office report or where the valuer asks in paragraphs and his vaulation report for enquiries to be made or the Local Land Charge Search result indicates that the land is listed in the contaminated land register. Mortgage Express If you obtain an environmental or contaminated land report which contains information you believe will affect our security please forward a copy of the report with your recommendation. We require any such reports to be sitespecific. Searches carried out in provided you give an unqualified Certificate of Mortgage Express (. 2) Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender Mortgages PLC ~ Mortgages 1 Ltd National Counties Building National Westminster Home Loans Ltd, place with Deeds. but only if the person conducting the search has indemnity cover. Law registered only. if remortgage. if purchase. Search firm must subscribe, in remortgage to the Search Code, transactions only, provided monitored by the Property the Codes Compliance Board borrower signs a declaration in our standard form available from Loans, provided that the search Requirements as above., as long as Underwriting Department, September 2007 ~ Page 4

5 Nationwide Building - only advise of entries revealed in the local authority searches relating to contamination providing the requirements under sections , and in Part 1 are satisfied. See providing the search protects us, and you are New Life Mortgages Ltd Searches carried out in Search Code and monitored by the Property Codes Compliance Board, at your risk provided you are satisfied our interests are protected rth Yorkshire Mortgages Ltd t usually, however,we would expect you to carry out all the usual and necessary enquiries in guidance in the Law warning card. If you have any concerns as a result of your enquiries and searches, please contact Lending Department for further instructions., with The Search Code rthern Rock PLC, but the conveyancer does so at their own risk. See , but the search insurance policy must protect us (see of the Lenders' Handbook). rthern Rock (Asset Management) plc., but the conveyancer does so at their own risk., subject to , but the search insurance policy must protect us (see of the Lenders' Handbook). Oakwood Homeloans Contact New Lending Department at address stated on the mortgage offer/instructions. Tel: Paragon Mortgages Ltd, if so requested in valuation report and/or our offer of loan or if you have carried out a search which reveals an adverse entry which you consider should be brought to our attention.. All searches carried out/accepted by the conveyancer are carried out/accepted entirely at the conveyancer's risk. See See See , but if the conveyancer wishes to do, he/she may do so at his/her own risk. Platform Home Loans Ltd, for remortgages only. This must be arranged with First who provide the policy, which is solely for Platforms benefit. You will need to register with First to purchase the cover at or by contacting them on t accepted on purchases. Precise Mortgages, a division of Charter Court Financial Services Ltd - provided you give an unqualified Certificate of see see at your own risk and provided you are satisfied that our interests are safeguarded Principality Building, with Provided these comply with current regulation and if the search firm Code monitored by the Property Codes Purchase; Re-Mortgage;, if the search Compliance Board Prudential Banking PLC If any contaminated land entries are revealed in the local authority search, please refer back to the Issuing Office.. Rooftop Mortgages unless the valuer requests such reports in his valuation report. In which case you should send such reports to the address and contact details shown on the mortgage offer We offer policies underwritten by London and European which have been arranged for the benefit of the Lender only. We will not accept other search insurance unless expressly stated in the special conditions of the Mortgage Offer Saffron Building - search firm must subscribe to the Search Code - search firm must Code monitored See See Search code monitored - case specific - please contact Mortgage Team for further information. Scottish Building, if such reports indicate that the 's security may be adversely affected or if they are a requirement of the mortgage offer., subject to requirements in to 5.7 below. Firm must be registered with Property Codes, in remortgage applications only. The solicitor must ensure that the search protects the and must provide an unqualified Certificate of Scottish Widows Bank PLC Skipton Building, but we only wish to see them, at your risk, if time does if matters requiring not permit an official further investigation are indicated search in which case please send the Consultants Certificate only See by PCCB St. James Place Bank, our requirements as to such searches are as set out in (i)purchases, re-mortgages - at your risk. (ii) September 2007 ~ Page 5

6 Barclays Bank PLC as Standard Life Mortgages Stroud & Swindon Building Swansea Building,unless they contain adverse entries. - Searches must satisfy requirements of paragraphs & See See Searches must satisfy requirements of paragraph Search Agent subscribe to the Search Code, monitored Only if security is adversely affected - provided the search firm subscribes to the Search Code and is monitored by the PCCB Teachers Building, provided the search agent has professional indemnity insurance The Chorley & District Building See See See Insurance must satisfy requirements of paragraph For remortgages only providing the search See , if the search is likely to delay completion Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender Please contact the lender The Mortgage Business. Our requirements as to such searches are as set out in The Mortgage Works, but advise any matters to Originations Conditions Council of Property Search providing the search Organisations. PLC PLC Direct Line Mortgages PLC Direct Line One PLC First Active PLC Natwest One Account PLC One Account PLC Virgin One Tipton & Coseley Building Topaz Finance plc UCB Home Loans Corporation Ltd, provided that the search See Only if an adverse entry relating to provided the search See by PCCB., as long as, as long as, as long as, as long as, as long as, as long as, as long as see see Search firm must subscribe to the Search Code, monitored by PCCB. t usually, however,we would expect you to carry out all the usual and necessary enquiries in guidance in the Law warning card. If you have any concerns as a result of your enquiries and searches, please contact Mortgage Services for further instructions. The Search Code, but advise any matters to Originations NO by PCCB. NO Council of Property Search providing the search Organisations. Ulster Bank Ltd, provided that the search See See Wave - remortgage. - purchase September 2007 ~ Page 6

7 Yorkshire Bank Lender (Copies Enviro Reports) (Personal Searches) All personal searches without, advise if there are any issues arising, provided the firm has indemnity insurance. This will be treated as being the case if the firm is registered with the Council of Property search Organisations and the firm states that it complies with the Code of Practice for Compilers or Search retailers as the case may be. See See See the minimum cover must be the open market value of the property. Yorkshire Building, these are acceptable without (subject to the requirements listed in Part 1) provided you give See , subject to the and provided you give an unqualified Certificate of September 2007 ~ Page 7