Any conveyancers / lenders? "Section 2.3 UKF Lenders Handbook"

[twosecs]

Am now in week 16 of trying to sell our house, current issue is regarding a management fee we have to pay on our freehold. It's classed as a rent charge which has caused all sorts of aggro.

The bank have said in principle they're fine with it, but haven't confirmed that in writing, they're reviewing the paperwork / T&C my solicitors have sent.

They're latest message says

"Please report in line with section 2.3 of the FLA lenders handbook"

Is that just an administrative request? Or is it a sign we may be delayed even further if they want the term reworded?

You can access the Council for Mortgage Lenders Handbook online. Google CML handbook.

Also ring your conveyancer. They will explain.

2.3
If you need to report a matter to us, you must do so as soon as you become aware of it so as to avoid any delay. If you do not believe that a matter is adequately provided for in the Handbook, you should
• identify the relevant Handbook provision and the extent to which the issue is not covered by it.
• provide a concise summary of the legal risks.
• provide your recommendation on how we should protect our interest.
After reporting a matter you should not complete the mortgage until you have received our further written instructions. We recommend that you report such matters before exchange of contracts because we may have to withdraw or change the mortgage offer.

Just details the way it should be reported

Thank you! I've been trying to get hold of the conveyencers but had no joy other than "we'll get back to you" but this is the third time they've contacted the bank and both times I've (politely) queried if they've given enough info / context. Looks like they hadn't!