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The latest paragraphs for you to consider including in your CQS CPMS Policy.

Text for CQS CPMS Policy

CQS Policy: Borrower is Incorporated Body

Purchase this policy: Dealing with Lenders Policy

Change date
07/06/2023
Word count
196
Deployment measure
7/10
Rationale

Specific requirements concerning acting for an incorporated body on a purchase/refinance where there is a mortgage involved.

Fee earners should note that where the Borrower and/or Mortgagor is a body registered under the Companies Acts or under the Limited Liability Partnerships Act 2000 you are required to examine an up to date copy of its governing documentation …

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