Scouts BSA Handbook, 14th Edition

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The remaining balance (e.g. 25%) must be made up 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. On disposal of the property, or earlier on expiry of the term of the borrower’s agreement with the equity sharing lender, the equity sharing lender’s percentage must be repaid. 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 handbook opens by introducing the Scout Oath, the Scout Law, the Scout Motto, and the Scout Slogan of BSA. There are currently two editions of the Scouts BSA Handbook, one for girls and one for boys, but other than photographs, the content is essentially the same.

The Building Societies Association (BSA) will be introducing a new set of mortgage instructions on 1 January 2010. These instructions aim to ensure all BSA members benefit from a complete standard set of conveyancing instructions, which they may not otherwise have. It prevents the need for individual lenders introducing separate instructions for themselves. The existing charge in favour of an equity sharing lender must be postponed to the new mortgage in favour of the Society. Aullybocus pointed out that, should anything go wrong, conveyancers will get the blame. The professional indemnity insurance (PII) consequences of this need no introduction.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.

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 ).Where there is an affordable housing restriction which will be binding on a mortgagee in possession, this is acceptable provided:- 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). The consultant solicitor also pointed out that, should one sell their flat to a buyer that requires a mortgage and the lender requires that the lease be extended, the incoming buyer would immediately lose the leaseholder protection anyway. This is seriously affecting shared ownership flats where affordability for lease extensions is a concern. Inconsistencies with the LPE1 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. Where an existing Shared Equity Loan is to be used in respect of a re-mortgage of a property in conjunction with a West Bromwich Building Society mortgage, the Society’s additional requirements are:

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.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. Adoption of the BSA Mortgage Instructions should not have any significant impact as to how practitioners do their job. In preparing any new standard it is essential that building societies, as well as the solicitors and licensed conveyancers instructed by them, should be able to apply the new instructions without substantial changes to procedures and process. The BSA instructions achieve this. The Society will only lend on a shared equity basis where a shared equity product has been selected. In the event that a shared equity product is not specified in the offer of loan then this should be reported to the lender. It was granted for more than 21 years over a single dwelling in a Relevant Building (essentially a building in England that is 11 metres tall or 5 storeys high and contains at least two dwellings 2); There are also practical considerations caused by what Zahrah Aullybocus describes as “systemic issues in the planning process”: