Text for CQS CPMS Policy
CQS Policy: Mortgage redemption (sales and remortgagesTransfer Equity) - Updated
Purchase this policy: Dealing with Lenders Policy
- Change date
- 24/04/2024
- Word count
- 410
- Deployment measure
- 7/10
Rationale
Updated draft wording for the section of the policy dealing with redemptions. Extended to deal with Transfer of Equity as well as other edits elaborating and clarifying obligations and procedures in relation to obtaining redemption statements.
Upon instruction on any sale, re-mortgage or Transfer Equity where there is an existing mortgage registered against the property, obtain a redemption figure for information-only purposes at that stage. To
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