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: Unencumbered Property
Change Date : 20/11/2023 | Word Count: 60 | Deployment Measure : 7/10
Rationale:
Important addition or section emphasising the need to pay careful attention to transactions where the property is unencumbered. Firms may wish to adapt their onboarding or pre-completion checklists (such as COMPLETIONmonitor) to ’red flag’ such matters
All staff should be extra vigilant on matters where the property is unencumbered due to a recent increase of property hijacks on such properties. Please be extra alert regarding the
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