Text for Terms & Conditions
T's & C's: Mortgage Lenders
- Change date
- 16/08/2023
- Word count
- 321
- Deployment measure
- 7/10
Rationale
The introduction of the new CQS (CPMS) Section 6.4 has heightened awareness of firms to include a provision declaring that the lender is an equal client to the borrower. Section 6.4 (a) requires a firm to Explain that the lender is also a client where a practice is acting for both the purchaser client and the lender client.
If we are acting on your behalf in relation to a purchase or remortgage of property which is being completed in conjunction with mortgage finance the lender is to be
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