Lenders requirements for new build conveyancing

Mortgage lenders' conveyancing requirements regarding newly built and newly converted properties are set out in the CML Lenders' Handbook. The Lenders' Handbook provides comprehensive instructions for conveyancing lawyer acting on behalf of lenders in residential conveyancing transactions.

Where a new build property is to be occupied for the first time, conveyancing lawyers and property solicitors alike must ensure that the property was built/converted under a new home warranty scheme (such as NHBC) or the CML Professional Consultant's Certificate. If the property has been occupied subsequent to construction/conversion, lenders do not require the property to have a new home warranty or the CML Professional Consultant's Certificate. The said Certificate is downloadable from this website at: http://www.cml.org.uk/cml/handbook/certificates