The outstanding value of all residential mortgage loans was 1,584.1 billion at the end of 2021 Q2, 4.6% higher than a year earlier (Table A). For more property-related statistics, download the PDF below. Type of membership: Member, Norwich Union Equity Release Half of all first-time buyers in the UK, and over a quarter of home movers who took out a mortgage in the third quarter of this year opted for a term of more than 30 years, according to UK Finances latest Household Finance Review produced in collaboration with Accenture. Type of membership: Member, Cheshire Building Society Type of membership: Associate, Allied Surveyors plc Type of membership: Associate, Thomas Eggar LLP Type of membership: Member, Beacon Homeloans Limited Head office: 4 Thorpe Way, Grove Park, Enderby, Leicester, LE19 1SU Type of membership: Associate, All In Property Services Limited Head office: Kernow House, Newham, Truro, TR1 2XP When you buy a new build or a recently converted property your mortgage lender will require you to gain a warranty to protect the building. Head office: 15 Queen Square, Bath, BA1 2HN Head office: Title House, 33-39 Elmfield Road, Bromley, Kent, BR1 1LT, DX 122200 BROMLEY 9 Head office: Roxburghe House, 273-287 Regent Street, London, W1A 4SQ, DX 53803 OXFORD CIRCUS NORTH Type of membership: Member, JPMorgan Chase Bank, N.A. Type of membership: Member, Chelsea Building Society Head office: 2nd Floor, 440 Strand, London, WC2R 0QS, DX 141813 COVENT GARDEN 5 Mortgage Lenders will only lend on a property if it is covered by an approved warranty policy or a Council of Mortgage Lenders (CML) Professional Consultants Certificate (PCC). Type of membership: Member, ING Direct N.V. written and contributed by Gateway Surveyors Mortgage lenders will only accept newly built or newly converted property if it is provided with an approved new build warranty or it is built (or newly converted) under the supervision of a suitably qualified professional (with appropriate professional . Approved Warehouse Line Providers . Head office: High Street, Chalfont St Giles, Buckinghamshire, HP8 4QB, DX 31951 CHALFONT ST PETER Head office: 9 Spring Street, London, W2 3RA Type of membership: Associate, Clayton Euro Risk Limited Head office: 30/31 Queen Street, Edinburgh, EH2 1JX Head office: Abbey House, 2 Triton Square, Regents Place, London, NW1 3AN Clarification of existing guidance and rules is useful given that expectations on forbearance and impairment is contained in various thematic reviews, ad-hoc guidance, and market studies published over many years by the FCA and its predecessor, the Financial Services Authority (FSA). Type of membership: Associate, Legal Marketing Services Limited Type of membership: Member, Ulster Bank Ltd Head office: 121 Kings Road, Reading, Berkshire, RG1 3ES Type of membership: Associate, Experian Ltd Registered in England No: 3642459 | Website by Fuelius. Head office: Ten Trinity Square, London, EC3P 3AX The Council of Mortgage Lenders integrated with five other bodies in July 2017 to form UK Finance, the new trade association for nearly 300 providers of finance, banking and payments-related services. Tax advisers and accountants are still phoning HMRC for a paper copy of . Type of membership: Associate, Assurant Solutions Rent-a-roof schemes saw companies offer free solar panels in exchange for being able to sell the excess electricity produced. Type of membership: Member, Hanley Economic Building Society Type of membership: Member, Kensington Mortgages We provide comprehensive lender data and statistics to help policymakers understand key trends and the impact of legal and regulatory change. Type of membership: Associate, Stewart Title Ltd Type of membership: Member, Just Retirement Head office: Wellington Mills, 70 Plover Road, Huddersfield, HD3 3HR Head office: Welland House, The Square, Market Harborough, Leicestershire, LE16 7PD, DX 27312 MARKET HARBOROUGH The team at Gustan Cho Associates is available 7 days a week, evenings, weekends, and holidays. Our structural warranty providers have over 20 years in the insurance industry and their goal . Type of membership: Member, GMAC-RFC Ltd The company offers a variety of loan products, such as bank statement loans, coops, construction loans, downpayment assistance programs, and . Type of membership: Member, Northern Rock plc New build warranties can affect your mortgage application. See ourSummary of amendmentsforprevious versions of the part 1. A CML Certificate is granted where the consultant has supervised the building of the property and confirms that it has been built in accordance with the plans and to a satisfactory standard. In the face of the ongoing cost-of-living squeeze and rising interest rates, we expect a softer market for house purchases. Head office: 1 Redcliff Street, Bristol, BS1 6TP, DX 7815 BRISTOL For more information on warranties, or to consider your own position in relation to any of these issues, please do not hesitate to contact Campions Solicitors. UK Finance does not offer any financial products and anyone claiming to provide such products on our behalf is fraudulent. UK Finance has today published its mortgage market forecast for 2023 2024, anticipating a softening in the mortgage market next year that marks a return to pre-pandemic norms. Type of membership: Associate, Redstone Mortgages plc If you have any queries about the Handbook please view theFAQs section. Type of membership: Associate, Salans Head office: Barnwood, Barnett Way, Gloucester, GL4 3RL, DX 55251 GLOUCESTER-2 LABC Warranty has a long list of mortgage lenders who have confirmed that the LABC Warranty New Home Warranty is acceptable to them. Rachel Witkowski. Contact Us Type of membership: Associate, UBS Limited (formerly the Council of Mortgage Lenders) and are based on gross lending amounts. Type of membership: Associate, Calnea Analytics Ltd At times, the lender and buyer might not accept the insurance. Type of membership: Associate, Excel Insurance Solutions Type of membership: Member, Monmouthshire Building Society Type of membership: Member, Paragon Mortgages Ltd Best for no fees: Ally Bank. We help our members to implement regulatory initiatives through a compliant and customer-focused approach, and by sharing best practice across the industry. Our warranties can be provided in England, Scotland, Wales and Ireland. The Council of Mortgage Lenders issued a letter to the ICFA on the 13th September 2012 confirming the following statement: FEBRUARY 2010 The Valuation Panel of the Council of Mortgage Lenders confirmed that ICF (Insulating Concrete Formwork) construction is acceptable for mortgage purposes as a standard form of construction, subject to provision of valid product certification and monitoring of . Head office: 13 Cleveland Row, London, SW1A 1DH Head office: Arab Banking, Corporation House, 1-5 Moorgate, London, EC2R 6AB Head office: One Canada Square, London, E14 5AG Type of membership: Associate, Rightmove Data It means lenders will not release the mortgage funds until your solicitor has received confirmation from the builder that the property has passed a pre-handover inspection by NHBC or another warranty provider. Head office: Regent House, Regent Street, Mansfield, Nottinghamshire, NG18 1SS, DX 10400 MANSFIELD CMLC are specialist providers of 10 Year Structural Warranties and we can also offer a range of other services such as Valuations and Bank Monitoring. Accord Mortgages. The Council of Mortgage Lenders has a handbook in which all the indemnity insurance requirements are clearly outlined, stating what they should accept and what needs further action from the lender. mortgage approval rates fell by 87%. The New Jersey Housing and Mortgage Finance Agency (NJHMFA) is dedicated to increasing the availability of and accessibility to safe, decent and affordable housing to families in New Jersey. Type of membership: Member, Northern Bank Ltd Registered address: 1 Angel Court, London, EC2R 7HJ UK Finance Limited (trading as UK Finance) 2023. The CML has provided a list of which schemes are accepted by each lender here. Type of membership: Associate, Shepherd Direct The CML Handbook provides a list of the professionals who may be acceptable to lenders: Your lenders might not necessarily accept all of these, therefore you must always check with them to find out what Professional Consultants Certificates they deem acceptable. This causes a variety of unwelcome issues. LIBF Later Life Lending - Register your interest, The outlook for households brightens slightly but many will still need support from their banks, A New Years resolution for security over Scottish shares, Guidance for firms supporting their existing mortgage borrowers impacted by the rising cost of living response from UK Finance, Mortgage market forecast to be weaker amid affordability pressures, Mortgage lending to fall 15 per cent next year, returning to pre-pandemic levels, Dont let money worries dampen your festive spirit, Half of new first-time-buyer mortgages have terms over 30 years, up from a quarter ten years ago. An architect must be registered with the Architects Registration Board, even if also a member of another institution, for example the Royal Institute of British Architects (RIBA); or, fellow or member of the Institution of Civil Engineers (FICE or MICE)., For more information on warranties, or to consider your own position in relation to any of these issues, please do not hesitate to contact, Lifetime ISA but specifically with regard to buying property, Boundary Agreements and Determined Boundaries, Guide to Leicester Solicitor City Centre Estate Agents. Type of membership: Member, Saffron Building Society Type of membership: Member, Bank of Cyprus UK If there is a defect with the property then you can bring a claim for compensation on grounds that the consultants certification of the property was negligence the consultant must have professional indemnity insurance from which they can draw upon in the event of a defect. Head office: 21 Station Road, Watford, Hertfordshire, WD17 1HT Head office: Plantation Place, 30 Fenchurch Street, London, EC3M 3AD 2) Lower, LLC Brianne Nichole Kesner NMLS# 1373401. Protek Group Limited, Type of membership: Associate, BPE Homemove LLP Direct lenders (banks and mortgage companies): Financial institutions that originate, process, and fund the loans themselves. This is intended to protect your investment, and the mortgage lender's security, in the event that the builders have become insolvent or ceased to exist. Type of membership: Associate, UKValuation Ltd Head office: 101 Park Avenue, 48th Floor, NEW YORK, NY 10178 Head office: 410 Thames Valley Park Drive, Reading, Berks, RG6 1RH, DX 84150 CAVERSHAM Type of membership: Member, Derbyshire Home Loans Ltd Type of membership: Associate, John Collins & Partners LLP Type of membership: Associate, Shoosmiths Solicitors Company number 10250295. Reviewed By. Type of membership: Member, Topaz Finance PLC warranty providers. We are continually updating lenders on the products we supply and the coverage provided. If you do find your lender is not listed below, please contact us and we will assist you. Head office: 1 Filey Street, Bradford, BD1 5AT Head office: Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey, RH2 7RU Type of membership: Member, Vernon Building Society Type of membership: Member, First Direct Bank Natalie Campisi, Andrea Riquier. Head office: Castle Street, Macclesfield, Cheshire, SK11 6AF, DX 25001 MACCLESFIELD-2 We're passionate about helping our Developers & Builders to get it right-first-time and provide real support and assistance - so when you work with Q, you can get a whole lot more than a simple warranty. Head office: 27-31 Charlotte Street, London, W1T 1RP With a 10 year policy, you want a partner you can trust. Council of Mortgage Lenders approved; . Type of membership: Member, Nationwide Building Society Just email us your plans or planning reference number! Type of membership: Member, Church House Trust Plc Some Lenders will also accept a Professional Certificate in lieu of an approved structural warranty scheme. If you Head office: Bakers Court, Bakers Road, Uxbridge, Middlesex, UB8 1RG Type of membership: Associate, Countrywide plc Type of membership: Member, Direct Line Financial Services Ltd Head office: Sovereign House, P O Box 8, 8 Sovereign Street, Leeds, LS1 1HQ, DX 12004 LEEDS Type of membership: Associate, Rosling King Solicitors This can be accessed on-line via, If you have any queries relating to lender approval, please call us on, MD Insurance Services Ltd. is the scheme administrator for LABC Warranty and is authorised and regulated by the Financial Conduct Authority. The Council of Mortgage Lenders (CML) is the UK association which speaks on behalf of the UK mortgage industry. Head office: Kingfisher House, Market Square, Crewkerne, Somerset, TA18 7LH Head office: Executive Agency, Meadowbank House, 153 London Road, Edinburgh, EH8 7AU Head office: 374 High Street, West Bromwich, West Midlands, B70 8LR, DX 14611 WEST BROMWICH 7 Head office: Westgate Chambers, 3 High Street, Chipping Sodbury, Gloucestershire, BS37 6BA, DX 56804 CHIPPING SODBURY Type of membership: Associate, Fasttrac Remortgage Ltd Weve got a jam, Great work from our Customer Service team. Head office: Fourth Floor, Grand Mill Quay, Barrow Street, Dublin 4, Ireland Authorised and Regulated by the, There are lots of different warranty schemes in existence and each mortgage lender will have their own standards of which schemes are acceptable. Head office: 25 Cabot Square, Canary Wharf, London, E14 4QA Head office: Two Castle Terrace, Edinburgh, EH1 2YA A PCC is widely recognised and accepted by over 85% of high street lenders as an alternative to a structural warranty and can enable a buyer to obtain a mortgage. Head office: Sandford House, Sandford Road, Cheltenham, Glos, GL53 7SH 19. Carrington: Best for borrowers with weaker credit. Head office: Merrill Lynch Financial Centre, 2 King Edward Street, London, EC1A 1HQ Type of membership: Member, Lloyds TSB Scotland plc Type of membership: Member, Dunfermline Building Society Head office: 111 St Jamess Road, Croydon, Surrey, CR0 2UW Head office: Eastern Gate, Brants Bridge, Bracknell, Berkshire, RG12 9BZ, DX 33624 BRACKNELL Head office: The Bailey, Skipton, North Yorkshire, BD23 1DN Head office: 25 Basinghall Street, London, EC2V 5HA Head office: Legal & General House, St Monicas Road, Kingswood, Tadworth, Surrey, KT20 6EU There may be defects that won't be reported for mortgage lending purposes, but which could be important to your client as the buyer. We would like to show you a description here but the site won't allow us. Type of membership: Associate, Irwin Mitchell Type of membership: Member, Barclays Head office: 4 Market Square, Stafford, ST16 2JH, DX 701367 STAFFORD-3 Head office: 226 Sheen Lane, London, SW14 8LD No. Head office: Merchant House, 30 Cloth Market, Newcastle Upon Tyne, NE1 1EE .cls-1{fill:#fff;}.cls-2{fill:#fff;}logoUK Finance Mortgage Lenders' Handbook. Type of membership: Associate, Retirement Plus Limited Type of membership: Associate, PMI Mortgage Insurance Company Limited An Architect must be registered with the Architects Registration Board even if also a member of another institution, eg The Royal Institute of British Architects (ARIBA). Head office: Golden House, 30 Great Pulteney Street, London, W1F 9LT Head office: CityPoint, Temple Gate, Bristol, BS1 6PL Office of Housing. Head office: Thirlestaine Hall, Thirlestaine Road, Cheltenham, Gloucestershire, GL53 7AL, DX 32850 CHELTENHAM-2 Head office: 2nd floor, Tower Bridge House, St Katharines Way, London, E1W 1DD Head office: 21-27 Lambs Conduit Street, London, WC1N 3BD Head office: 250 Bishopsgate, London, EC2M 4AA Type of membership: Member, Distinct Mortgages Ltd This week we published our housing and market forecasts for 2023 and 2024. Type of membership: Member, Ahli United Bank (UK) plc Authorized advisors are able to research mortgage lenders criteria in granular detail across many lenders. It is accepted by the Council of Mortgage Lenders and high-street lenders. Head office: First Trust Centre, PO Box 123, 92 Ann Street, Belfast, BT1 3AY Type of membership: Associate, Registers of Scotland The UK Finance lenders' handbook provides comprehensive instructions for conveyancers acting on behalf of lenders in residential conveyancing transactions. 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