Supported by Countrywide Legal Indemnities
- Update/Intermediate *5 hours CPD
A recent report from Zurich Insurance showed that 34% of negligence claims were in respect of Conveyancing - and an increasing number of those were because of a failure to comply with the requirements of the CML Lenders' Handbook. Are your systems 100% compliant with the Handbook? Are all fee earners following its requirements?
- Do you know what you are certifying when you sign the report on title/request for cheque?
- Freehold flats and flying freeholds - what is acceptable and what is not
- Leasehold flats - arrangements for repair and insurance - what is acceptable and what is not
- Problems with easements and covenants
- Problems with transferring shares
- Is the lease defective in other ways
- Problems with ground rents and service charges
- New builds - complying with the requirements
- Searches and Enquiries - what further enquiries need to be made?
- When can you use personal search providers?
- In what circumstances can you act for family members of the firm?
- Problems with the price and other loans - what further information do you need to obtain from the client?
- Property Insurance - what are your obligations with regard to this?
- What to do about existing breaches of covenant
- When is indemnity insurance needed - checking the terms of the policy.
The course will take a risk based approach to compliance with the Handbook and will concentrate on offering practical solutions to practical problems.