Scouts BSA Handbook, 14th Edition

Product Information

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. 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?” It is thought that Nationwide are in the process of reviewing their Part 2 requirements. Various groups have also made the government, as well as the Law Society, aware of the conveyancing profession’s concerns on this front, Today’s Conveyancer understands. Lease extensions 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.

There are also practical considerations caused by what Zahrah Aullybocus describes as “systemic issues in the planning process”: Lending Restrictions: The Society does not currently lend on properties developed for older persons/ and/ or people with long term disabilities. Scotland, as you would expect, has its own set of instructions. There are also versions for lending taking place in England & Wales, Northern Ireland, and the Isle of Man. Each version reflects local lending issues and property law in each of these jurisdictions.The lease must be granted to the borrower(s) alone and the borrower(s) must not hold their share in the property in trust with the Landlord. Sections 116 to 125 and Schedule 8 of BSA 2022 protect certain leaseholders from being required to pay for remediation work on their property when the defect being remedied relates to a safety risk arising from the spread of fire or the collapse of the building (defined as a Relevant Defect 1 ).

Over half of conveyancers say they have ceased their involvement with transactions of leasehold properties affected by the Building Safety Act 2022 (BSA) as a myriad of issues related to the “car crash” legislation have risen to the boil.Program Features for Troops and Crews – These 3 volumes contain 48 themed program features. Each volume has 16 program features with a mix of topics: outdoor, sports, health and safety, citizenship and personal development, STEM, and arts and hobbies. Leaders and youth members can use these to plan programs, help facilitate advancement and personal growth, and keep youth members engaged. Each feature comes with its own set of meeting plans and activities. 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. Aullybocus pointed out that, should anything go wrong, conveyancers will get the blame. The professional indemnity insurance (PII) consequences of this need no introduction. The lease must provide for notice of forfeiture proceedings to be served on a mortgagee and you must obtain a written undertaking from the Landlord in the form set out at Appendix A to provide us with not less than 28 days’ written notice of intention to forfeit the lease or commence proceedings. This is required before completion. On 14 February 2022 the dwelling was the tenant’s only or principal home, or the tenant owned no more than three dwellings in total (whether as leaseholder or freeholder)

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. Where there is an affordable housing restriction which will be binding on a mortgagee in possession, this is acceptable provided:-

Namely, the Part 2s of Barclays and Nationwide have been of particular concern. While Barclays have since loosened their requirements, Nationwide still states: 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 The BSA has engaged with a wide range of relevant stakeholders during the development of these instructions. The Law Society of Scotland and Registers of Scotland have both been in dialogue with the BSA as the framework was finalised. The Royal Institute of Chartered Surveyors has also been consulted on issues affecting valuers. 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’.

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: These instructions relate to new shared equity lending only and are in addition to the Society’s edition of the BSA Mortgage Instructions. For additional instructions relating to shared ownership lending, please see the Society’s ‘Further Instructions to Solicitors – Shared Ownership’.The minimum amount of deposit payable by the borrower is 5% and the maximum initial equity loan must be no more than 20% (for properties outside of Greater London and 40% for properties within Greater London) of the current market value. 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. The borrower must pay or has paid a percentage of the full open market value (e.g. 75%) but must acquire ownership of 100% of the property on completion. The decision to introduce another set of conveyancing instructions will meet some criticism from solicitors and conveyancers as unnecessary and a cause of confusion among practitioners. The BSA understands the concerns practitioners may have; however, in the development of the new instructions it has endeavoured to ensure that there is minimal disruption. If a lease is a Qualifying Lease, a leaseholder will not be liable to pay for remediation costs related to Relevant Defects if the defect was the responsibility of the landlord or somebody associated with the landlord (e.g. a contractor engaged by the landlord). This is an important protection for the leaseholder because these remediation costs can be substantial (e.g. for cladding being completely removed and replaced) and could even make a property potentially unmortgageable. That, at least, seems to be the view of the Council of Mortgage Lenders ( CML).