FREE Lexsure Webinar – The Impact of COVID-19 on the UK Finance Lenders’ Handbook

With conveyancers focusing their attention on holding transactions together and addressing failed completions, it’s easy to understand why the lender client may not be at the forefront of the lawyer’s mind.

Nevertheless, in the last few weeks an increasing number of lenders are changing Part 2s of the UK Finance Mortgage Lenders’ Handbook. This 30-minute webinar highlights a selection of recent key amendments.

Staying abreast of policy changes is particularly important at a time when lenders are making a significant number of crucial changes.

COVID-19 may well result in significant mortgage defaults. Lenders will not swallow their losses happily. For conveyancers, that means a tsunami of file reviews because lawyers are an easy target for a lender looking to offset a loss – or pass it on altogether. Any failure by the lawyer to comply with the letter of their mortgage instructions – typically based on the lenders’ handbook – will be pounced upon.