Text for CQS CPMS Policy
CQS Policy: Disclosure Obligations Regarding Underlease Titles
Purchase this policy: Dealing with Lenders Policy
- Change date
- 20/10/2025
- Word count
- 143
- Deployment measure
- 8/10
Rationale
This wording reminds lawyers that where a property is held under an underlease, the lender’s security may be affected and this must be clearly disclosed. Its purpose is to emphasise the solicitor’s duty to inform the lender of any material fact,such as the existence of an underlease,that could influence the lending decision.
Lenders have expressed increasing concern regarding the adequacy of their security in circumstances where the property title to be mortgaged is held under an underlease. While the UK Finance Mortgage
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