000			01553cam a2200265 4500
001			ABS68090
008			040820n2004 000 0 eng u
035			_a(Sirsi) u127123
100			_aHopkins, A.
245			_aNew build: getting the loan funds
260			_c2004
490			_aJournal of the Law Society of Scotland _v49(7) July 2004, 54-55(2)
520			_aDescribes an impending change in releasing loan funds for new build houses. The aim of the amendment is to reduce the risk of borrowers moving into unfinished new build properties. With effect from 30 August 2004, lenders will not release the mortgage funds for a new build property unless the borrower's conveyancer has received confirmation, in the form of a cover note, that the warranty provider has carried out a final/pre-handover inspection of the property and that a warranty will be provided. Copies of an example of a Council of Mortgage Lenders cover note can be found at www.cml.org.uk/handbook. Concludes the new procedure should improve standards, so that all parties are working together to achieve smooth implementation.
590			_aABS
590			_aABS
650			_aCONVEYANCING
650			_aNEW-BUILD HOUSES
650			_aMORTGAGES
650			_aWARRANTIES
650			_aBUILDING INSPECTIONS
690			_aBUILDING AND CONSTRUCTION-DESIGN AND STRUCTURES
856			_uhttps://www.cml.org.uk/handbook _zView the cover note on the CML website...
856			_uhttps://www.cml.org.uk/handbook _zView the cover note on the CML website...
942			_n0
999			_c117877 _d117877