CML lender update – rely on TitleChecker to tell you the answer

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10 December 2014


See how Titlechecker could help you

It can be a timely process keeping on top of which lender changed what.

Amendments to the CML lenders handbook were made on 1 December 2014, with 31 changes made to both part one and two of the CML.

It is imperative that conveyancers reference the handbook in every transaction, as non compliance is still too frequent. With every ChancelCheck ordered, you are entitled to a FREE TitleChecker aiding you to providing the right answers to your clients…both the lender and the purchaser

How can TitleChecker help give you the right answer?

TitleChecker interrogates the land registry records contained in an OC1 in addition to verifying the  information entered by the conveyancer corresponds with land registry records. Where an entry requiring lender consideration is identified, it provides the relevant CML Part 1 and Part 2 responses specific to the entry, assisting the conveyancer in identifying lender compliant solutions.

Benefits of TitleChecker include:

• Reports on elements of OC1 that affect CML handbook parts one and two responses (where lender  information supplied)
• Assists with due diligence and provision of easy-to-digest information for the client
• Saves time and money by automating title investigation
• Includes OC1 as part of the report
• Reduces the risk of error within the conveyancing process
• Includes a search insurance policy offering cover up to a market value of £2m where there is an error in the land registry data

Don’t forget…

TitleChecker includes a unique voucher code that gives you a 20% discount on all online ConveySure premiums relating to that specific property transaction.

For further information on TitleChecker refresher, TitleChecker reports, or to access a 20% discount on our ConveySure online premiums for title insurance, please contact us on 01732 897530 or .

Click here to view a TitleChecker sample.

Click here to view a TitleChecker userguide.

TitleChecker refresher can be used to update an existing TitleChecker report for free for the following cases:
• where the lender was unknown at the time of the initial TitleChecker
• the lender has changed
• the lender is the same but you wish to refresh the TitleChecker information (original HMLR data is required)
• the proprietor name has changed
• the address has been updated
• the price of the property is different

 



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