The changes arise from the new Building Safety Act 2022
An updated fourth version the LPE1 (Leasehold Property Enquiries) form has gone live. The Conveyancing Association (CA), Law Society, CILEX, Society of Licenced Conveyancers, as well as ARHM, BPF, TPI, RTMF and ARLA, are encouraging member firms to use the new versions.
The release coincides with a change in lender policies to enable them to lend on properties in remediation schemes, or those covered by leaseholder protections. The changes arise from the Building Safety Act 2022 which came into force in June last year.
This LPE1 form includes a number of additional questions, which cover:
- Whether the leaseholder deed of certificate has been served on the landlord in relation to the sale of the property or rem...