If a lease is surrendered and a new lease is granted, the lease technically would not have existed before the 14 th February 2022, thus disqualifying the leaseholder from the Act’s protection. Zahrah Aullybocus said: If the Lease contains any restrictions on the disposal of the property, you must also comply with Section 2 below. The remaining balance (e.g. 25%) must be made up entirely of a deposit funded by the borrower (usually 5%)and by means of an equity loan from an equity sharing lender which is secured by a second charge ranking subsequent to a secured first charge in favour of the Society. The cumulative borrowing must not exceed 100% of the value of the property. Where the Society is prepared to lend under the Government’s Help to Buy: Equity Loan Scheme, the arrangement for the equity loan must be through either a Registered Housing Association, Registered Social Landlord or through a Government or Local Authority approved and funded scheme.

Any future change in the value of the equity in the property (excluding any increase as the direct result of home improvements carried out by the borrower), on a disposal or sale, will be shared between the borrower and the equity sharing lender in the relative percentages, the equity sharing lenders rights being secured by the terms of the second charge.Scouts BSA Handbook, 14th Edition– Newly updated, this 14th edition of the Scouts BSA Handbook is still the go-to book for every Scout. There are two versions: the Scouts BSA Handbook for Girls and the Scouts BSA Handbook for Boys. Though existing instructions used by the industry have, on the whole, served lenders and conveyancers well, over time they have grown and developed into a labyrinth to navigate through. The BSA instructions are simpler, arranged in fewer sections and with fewer sub-headings, making the instructions more user friendly. One of the foremost issues facing conveyancers has been certain lenders’ Part 2s to the UK Finance Mortgage Lenders’ Handbook question 5.14.17: “Does the lender have any specific instructions about building safety?” In consideration of the Lender granting the Borrower a mortgage on the Property, the Landlord undertakes not to commence any proceedings to obtain possession of the Property under any of the grounds in Schedule 2 of the Housing Act 1988 without:- Any future change in the value of the equity in the property (excluding any increase the direct result of home improvements carried out by the borrower), on a disposal or sale, will be shared between the borrower and the equity sharing lender in the relative percentages, the equity sharing lenders rights being secured by the terms of the second charge.

There is nothing in the legislation or the government’s guidance to say that the leaseholder will still be protected if they are ‘extending’ a lease. One eminent property law trainer called it the worst piece of property law legislation they had seen in 50 years. Another said it was a ‘car crash’ piece of legislation, and I doubt few would disagree,” said Rob Hailstone, CEO, Bold Legal Group. Despite lenders beginning to retract their “onerous” Part 2 requirements, other glaring issues with the BSA remain. One such issue is that the completion of a lease extension has the potential to remove a property from the “leaseholder protection” offered by the Act. Scouts BSA Requirements– Scouting provides a series of surmountable obstacles and steps in overcoming them through the advancement method. The steps in the advancement system help Scouts to grow in self-reliance and in their ability to help others.Another issue pointed out by conveyancers is that there are “a lot of inconsistencies” with the LPE1 leasehold property enquiries form. For example, some questions ask about the 18m height whereas others ask about the 11m height, which it is suggested may cause confusion between EWS1 and the BSA. The Law Society also haven’t yet added in a space for “Responsible Person” to be named on the form. Fire safety Scouts BSA Handbook is the official handbook of Scouts BSA, published by the Boy Scouts of America. It is a descendant publication of Baden-Powell's original handbook, Scouting for Boys, which has been the basis for Scout handbooks in many countries, with some variations to the text of the book depending on each country's codes and customs. If a solicitor cannot obtain the information needed to satisfy CML’s requirements, then the solicitor cannot discharge their duty to the lender and will need to withdraw from the retainer. Clients should be warned up front about such a possibility in engagement letters. Although an awkward issue to broach, it is far better to be open with clients about this possibility than to proceed regardless and risk a claim by the buyer and/or lender if/when a property turns out not to be protected by the BSA.

b) If within such a period of 28 days’ (or within such other period specified in the notice period, if longer), the Lender indicates in writing to the Landlord that it wishes to remedy such breach, or is going to take such action as may be necessary to resolve the problem complained of by the Landlord, giving the Lender such time as may be reasonable (in view of the nature and extent of the breach/problem) to take such action.These instructions relate to shared ownership lending only, including where there is a Section 106 Agreement in place; and/or for properties developed in/for rural locations; and are in addition to the Society’s edition of the BSA Mortgage Instructions. For additional instructions relating to shared equity lending, please see the Society’s ‘Further Instructions to Solicitors – Shared Equity’.