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: Mortgage Protection Provision Required
Change Date : 24/03/2025 | Word Count: 189 | Deployment Measure : 8/10
Rationale:
Draft wording covering a situation where the firm requires all residential leases to include a Mortgagee Protection Clause, with a Deed of Variation or alternative arrangements (such as a side agreement) pursued if necessary. Sets out various obligations in terms of reporting to borrower and lender clients.
This firm requires all residential leases to include a Mortgagee Protection Clause. If a lease does not contain this provision, we will require a Deed of Variation to incorporate an
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