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New-builds usually have the latest energy-efficient appliances, which means they're eco-friendly and cheap to run, too....Key things to look out for include: Plumbing and electrics. Brickwork. Tiling. Walls, floors and ceilings. Glass. Paintwork. Plaster. Carpentry.
The CML Handbook is a set of standard instructions from mortgage lenders to solicitors when dealing with conveyancing transactions. The CML handbook is issued by the Council of Mortgage Lenders (CML) and applies only to those lenders who are members of the CML.
The CML, also known as the Council of Mortgage Lenders Handbook, is a trusty handbook providing lender specific guidance to your solicitor, to assist with your conveyance.
An initial occupancy/new build property is classed as any property being occupied and/or sold for the first time on the open market in its current state and includes converted and refurbished properties.
Collateralized Mortgage Line of Credit (CML) is a commitment by IFC to lend funds against a pledge of mortgage assets held as collateral for IFC's obligation. Typically, the line is structured as a revolving line allowing multiplier effect for mortgage origination.
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What is a 'new build' property? A new-build property is one that's been newly built, or substantially renovated, within the past two years and not sold during that period. If you're buying a place where work hasn't started on the land, or the property is in the process of being built, it's known as 'off-plan'.
The UK Finance Mortgage Lenders' Handbook provides comprehensive instructions for solicitors and licensed conveyancers acting on behalf of lenders in conveyancing transactions.
The purpose of the form is to draw all the relevant financial information about the sale of newly built, converted and renovated property transactions into a single form. This will improve transparency and simplify the flow of information to all key parties involved in the transaction.
\u201cThe DIF was introduced three years ago as a method of alerting valuers and lenders to any incentives being offered by developers to purchasers of newly-built or renovated homes.
The purpose of the form is to draw all the relevant financial information about the sale of newly built, converted and renovated property transactions into a single form. This will improve transparency and simplify the flow of information to all key parties involved in the transaction.

cml form 2023