New 'green deal' property rules from CML
The Council of Mortgage Lenders is to include new rules in its handbook on 'green deal' plans for properties. The additional rules are set to come into force on 8 July.
Solicitors will now have to check if they are required to disclose details to lenders about green deal plans for energy technologies, eg solar panels, which have been installed on residential properties.
The Law Society has advised that practitioners should consider adding this question to any property questionnaires they use and ensure that the existence of any technologies is commented on by surveyors.
FOR FURTHER INFORMATION: Contact Val McEwan on 0131 226 8884. Email: firstname.lastname@example.org
Solicitors with enquiries should contact Kaira Massie: email@example.com
25 June 2013