VALUERS' AND SOLICITORS' REPORTS. 4.1 Not more than twelve months (or a longer period as may be acceptable to a reasonable, prudent mortgage lender) prior to the grant of each Mortgage (or such longer period as may be acceptable to a reasonable, prudent mortgage lender) the Seller received a Valuation Report from a Valuer on the relevant Property (or such other form of report concerning the valuation of the relevant Property as would be acceptable to a reasonable, prudent mortgage lender), the contents of which were such as would be acceptable to a reasonable, prudent mortgage lender.
VALUERS' AND SOLICITORS' REPORTS. 4.1 Not more than six months (or such longer period as may be acceptable to a reasonable, prudent mortgage lender) prior to the grant of each Mortgage (excluding any Mortgage granted in relation to a Flexible Loan as a result of such Loan being the subject matter of a Product Switch to that Flexible Loan) the Seller received a Valuation Report on the relevant Property (or such other form of report concerning the valuation of the relevant Property as would be acceptable to a reasonable, prudent mortgage lender), the contents of which were such as would be acceptable to a reasonable, prudent mortgage lender. The principal amount of the Initial Advance advanced to then existing Borrowers of the Seller (including any retention(s) subsequently advanced to the Borrower but disregarding Capitalised Expenses) is not more than 95 per cent. of the lower of the purchase price and the appraised value.
VALUERS' AND SOLICITORS' REPORTS. 4.1 Not more than six months (or such longer period as would be acceptable to a Reasonable, Prudent Mortgage Lender) prior to the grant of each Mortgage (excluding any Mortgage granted in relation to a Flexible Loan as a result of such Loan being the subject matter of a Product Switch to that Flexible Loan) the Seller received a Valuation Report on the relevant Property (or such other form of report concerning the valuation of the relevant Property as would be acceptable to a Reasonable, Prudent Mortgage Lender), the contents of which were such as would be acceptable to a Reasonable, Prudent Mortgage Lender.
VALUERS' AND SOLICITORS' REPORTS. 4.1 The Seller has not agreed to waive any of its rights against any valuer, solicitor or licensed or qualified conveyancer or other professional who has provided information, carried out work or given advice in connection with any Loan or Related Security.
VALUERS' AND SOLICITORS' REPORTS. 4.1 Not more than twelve months (or a longer period (including in the case of an inter-group remortgage) as may be acceptable to a Reasonable, Prudent Mortgage Lender) prior to the grant of each Mortgage (or such longer period (including in the case of an inter-group remortgage) as may be acceptable to a Reasonable, Prudent Mortgage Lender) the Seller received a Valuation Report from a Valuer on the relevant Property (or such other form of report concerning the valuation of the relevant Property as would be acceptable to a Reasonable, Prudent Mortgage Lender), the contents of which were such as would be acceptable to a Reasonable, Prudent Mortgage Lender.
VALUERS' AND SOLICITORS' REPORTS. 4.1 Not more than twelve months prior to the grant of each Mortgage (or such longer period as may be acceptable to a reasonable, prudent mortgage lender) the Seller received a Valuation Report from a Valuer on the relevant Property (or such other form of report concerning the valuation of the relevant Property as would be acceptable to a reasonable, prudent mortgage lender), the contents of which were such as would be acceptable to a reasonable, prudent mortgage lender.
VALUERS' AND SOLICITORS' REPORTS. 4.1 Unless the Loan is a Loan Without Independent Valuation, not more than 12 months (or a longer period as may be acceptable to a Reasonable, Prudent Mortgage Lender) prior to the granting of each Mortgage, the Seller received a Valuation Report on the relevant Property (or another form of report concerning the valuation of the relevant Property as would be acceptable to a Reasonable, Prudent Mortgage Lender), the contents of which were such as would be acceptable to a Reasonable, Prudent Mortgage Lender.
VALUERS' AND SOLICITORS' REPORTS. 4.1 Not more than twelve months (or a longer period (including in the case of an inter-group remortgage) as may be acceptable to a Reasonable, Prudent Mortgage Lender) prior to the grant of each Mortgage (or such longer period (including in the case of an inter-group remortgage) as may be acceptable to a Reasonable, Prudent Mortgage Lender) the Seller received a Valuation Report from a Valuer on the relevant Property (or such other form of report concerning the valuation of the relevant Property as would be acceptable to a Reasonable, Prudent Mortgage Lender), the contents of which were such as would be acceptable to a Reasonable, Prudent Mortgage Lender. 4.2 The principal amount of the Initial Advance (including any retention(s) subsequently advanced to the Borrower but disregarding Capitalised Expenses) is either: (a) not more than 75 per cent. of the lower of the purchase price and the appraised value of the Property as stated in the Valuation Report referred to above in PARAGRAPH 4.1 (the APPRAISED VALUE) (or, in case of a remortgage, of the appraised value) of the Property; or (b) greater than 75 per cent. (but not more than 97 per cent.) of the lower of the purchase price and the appraised value (or, in the case of a remortgage, of the appraised value), in which case for those Loans originated prior to 1 January 2001 only that part of the Initial Advance which exceeds 75 per cent. of the lower of the purchase price and the appraised value (or, in the case of a remortgage, of the appraised value) is covered under the terms of a MIG Policy. 4.3 Prior to the taking of each Mortgage (other than a remortgage), the Seller: (a) instructed the Seller's solicitor, licensed conveyancer or (in Scotland) qualified conveyancer to carry out an investigation of title to the relevant Property and to undertake such other searches, investigation, enquiries and other actions on behalf of the Seller as are set out in the instructions which the Seller issued to the relevant solicitor as are set out in: (i) the CML's Lenders' Handbook for England and Wales in relation to English Mortgages; (ii) the Seller's Mortgage Practice Notes in relation to Scottish Mortgages taken before the CML's Lenders' Handbook for Scotland was adopted in 2000; or (iii) the CML's Lenders' Handbook for Scotland in relation to Scottish Mortgages taken after the CML's Lenders' Handbook for Scotland was adopted in 2000, (iv) (or such comparable, predecessor or successor instructions and/or guideline...
