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: Mortgagee Protection Clause
Change Date : 20/02/2025 | Word Count: 112 | Deployment Measure : 9/10
Rationale:
Implications in light of Nationwide updating its requirements in the UK Finance Mortgage Lenders’ Handbook changes related to mortgagee protection clauses.
Lawyers must remain vigilant to lenders Part 2 changes and new requirements concerning the need for a deed of variation if the lease doesn’t include a Mortgagee Protection Clause. Nationwide
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