On behalf of the lender, when an adult occupier intends to live with the purchasers on completion, which steps must be taken?

• A. Check UK Finance Mortgage Lenders Handbook for Bank's instructions
• B. Arrange for the adult occupier to sign an occupier's consent clause in the mortgage deed
• C. Advise the adult occupier they should take independent legal advice
• D. All of the above

Answer: (D)

When an adult occupier will live with the purchasers, the lender wants to ensure the occupancy is properly disclosed, documented, and understood by all parties. Start by checking the lender’s policy in the UK Finance Mortgage Lenders Handbook to confirm the specific instructions and any required forms or wording. Next, arrange for the adult occupier to sign an occupier’s consent clause in the mortgage deed, so the occupancy arrangement is formally acknowledged and part of the security. Finally, advise the occupier that they should take independent legal advice, ensuring they understand their obligations, the financial liability, and any potential implications if circumstances change. Together, these steps align with lender policy, provide clear documentation, and secure informed consent from the occupier for the arrangement.