Common use of VALUERS' AND SOLICITORS' REPORTS Clause in Contracts

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. 4.2 Prior to the granting of each Mortgage, the Seller received a Valuation Report from a Valuer on the relevant Property (or such other form of valuation as would be acceptable to a Reasonable, Prudent Mortgage Lender, including but not limited to a full valuation, an External Appraisal Valuation, an AVM Valuation or a Desktop Valuation), the contents of which were such as would be acceptable to a Reasonable, Prudent Mortgage Lender. 4.3 Prior to making a Loan to a Borrower, the Seller: (a) caused its approved solicitors or approved conveyancers to carry out in relation to the relevant Property all investigations, searches and other actions and enquiries which a Reasonable, Prudent Mortgage Lender or its solicitors normally make when lending to an individual on the security of residential property, as the case may be, in England, Wales Scotland or Northern Ireland; and (b) received a certificate of title from approved solicitors or approved conveyancers relating to such Property and the results thereof were such as would be acceptable to a Reasonable, Prudent Mortgage Lender in order to proceed with the Loan.