Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your CQS CPMS Policy.
text for CQS CPMS Policy:
CQS Policy: Side Agreement in Absence of Mortgage Protection Provision in Lease
Change Date : 24/03/2025 | Word Count: 205 | Deployment Measure : 9/10
Rationale:
For firms whose Purchase of Leasehold policy accepts side agreements as an alternative to a Deed of Variation in the absence of a Mortgagee Protection Clause, this provision sets out the template wording.
Dear Sir/Madam Re: <insert applicant name and security address> Leaseholder: Borrower: Landlord: Property: Lease: Lender: Mortgage Account No: {Name of Lender} ‘The Lender’ has been asked to provide a mortgage
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