Lenders frequently update their “Handbook” requirements. The changes being introduced in respect of leasehold property and especially newbuild leases are going much further than before. This session will review those changes and consider what you need to do to avoid falling foul of the requirements.
After this session viewers should understand the practical impact of lenders requirements in respect of leasehold property including:
- The overarching considerations that lenders use in assessing whether a leasehold property is acceptable as security
- Lenders specific requirements relating to newbuild property
- The possible impact of the Housing Act 1988
- Issues surrounding rent reviews
David Keighley was admitted as a solicitor in 1982. Until his retirement from full time practice in September 2016 David was a partner in and Head of Residential property at Herrington Carmichael a Legal 500 Practice. Having done so part time whilst in practice, he now uses his extensive experience to offer practical guidance in lectures at property law conferences, seminars, webinars, training courses and related events. The feedback received from delegates attending his lectures courses has been exceptional including the comment “The best speaker I have ever heard”. He is a contributing author for the Law Society Conveyancing Handbook, was the co-author of an online training course for the Law Society’s Conveyancing Quality Scheme (CQS), and has written for publications including the Law Society’s Property in Practice Magazine and the Solicitors Journal.