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Question: 10.2. What is the minimum number of days notice lenders require?
| Lender | Answer |
|---|---|
| Accord Mortgages Ltd |
No final inspection - we must receive your Certificate of Title and Request for Advance ("the Certificate") at least six working days before completion. Final inspection required - an extra five working days should be allowed. The advance monies will be sent to your client account (you must provide details in the Certificate) on the last working day prior to the completion date. Occasional delays in transmitting advance monies can occur as a result of a breakdown in the external CHAPS system. No responsibility can be accepted for losses arising from any such delays. |
| Atom Bank plc | We require your Certificate of Title to be submitted with not less than 3 working days’ notice. |
| Aviva Equity Release UK Ltd |
4 working days |
| Bank of Ireland (UK) plc |
3 working days - plus an additional 5 working days if a final inspection of the property is required. |
| Bank of Ireland as Bank of Ireland Mortgages |
3 working days - plus an additional 5 working days if a final inspection of the property is required. |
| Bank of Scotland Beginning A |
Our expected requirement is 3 full working days. It is your responsibility to ensure all details on the Certificate of Title are correct (including those relating to your firm) and are accurate before requesting the funds. If you have an urgent completion and cannot give 3 full working days’ notice, we will endeavour to meet your requirements and will send funds by CHAPS as soon as we have verified the Certificate of Title. A CHAPS fee of £20 will be payable and deducted from the mortgage advance. |
| Bank of Scotland Beginning O |
Our expected requirement is 3 full working days. It is your responsibility to ensure all details on the Certificate of Title are correct (including those relating to your firm) and are accurate before requesting the funds. If you have an urgent completion and cannot give 3 full working days’ notice, we will endeavour to meet your requirements and will send funds by CHAPS as soon as we have verified the Certificate of Title. A CHAPS fee of £20 will be payable and deducted from the mortgage advance. |
| Barclays Bank UK PLC |
5 working days |
| Birmingham Midshires |
Our expected requirement is 3 full working days. It is your responsibility to ensure all details on the Certificate of Title are correct (including those relating to your firm) and are accurate before requesting the funds. If you have an urgent completion and cannot give 3 full working days’ notice, we will endeavour to meet your requirements and will send funds by CHAPS as soon as we have verified the Certificate of Title. |
| Bradford & Bingley Limited |
5 days |
| Britannia, a trading name of The Co-operative Bank plc |
5 working days |
| Chelsea Building Society (a trading name of Yorkshire BS) |
No final inspection - we must receive your Certificate of Title and Request for Advance (the "Certificate") at least six working days before completion. Final inspection required - an extra five working days should be allowed. The advance monies will be sent to your client account (you must provide details in the Certificate)on the last working day prior to the completion date. Occasional delays in transmitting advance monies can occur as a result of a breakdown in the external CHAPS system. No responsibility can be accepted for losses arising from any such delays. |
| CHL Mortgages |
5 working days |
| Co-operative Bank plc | Five working days. |
| Coventry Building Society | At least 4 working days. |
| Danske Bank | At least 5 working days prior to completion or 10 working days where a reinspection or revaluation. |
| DB UK Bank Ltd | 5 working days |
| Ecology Building Society |
5 days |
| First Direct |
Six (6) working days. You must specify the date by which you would like to receive the mortgage advance, which should be no more than one (1) working day prior to completion and also the actual completion date on the Certificate of Title. We do not accept hand written Certificates of Title, with the exception of the Signature Box you must ensure all other information is typed. The CoT submission process must only be used for the CoT and must not include any other documents or queries. You should also ensure that all pre completion queries are resolved prior to submitting the CoT to us, see section 1.10b for Contact Points for queries. Submission of CoT: please refer to the website Legal instructions for moving home. Please submit the Certificate of Title by email to fd.mtg.support@firstdirect.com NOTE 1: The advance amount should always be in full pounds sterling with no additional pence. Note 2: where there is more than one loan on the mortgage offer, only one Certificate of Title is required |
| First Trust Bank |
7 business Days unless a re-inspecton is required. Please refer queries to: Mortgage Business Team AIB NI 92 Ann Street Belfast BT1 3HH Telephone no. 0345 600 5925 Mortgage.completions@aib.ie |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Godiva Mortgages Ltd | At least 4 working days. |
| Halifax |
Our expected requirement is 3 full working days. It is your responsibility to ensure all details on the Certificate of Title are correct (including those relating to your firm) and are accurate before requesting the funds. If you have an urgent completion and cannot give 3 full working days’ notice, we will endeavour to meet your requirements and will send funds by CHAPS as soon as we have verified the Certificate of Title. |
| Halifax Loans Ltd | 3 working days. |
| Hampden & Co. plc | |
| HSBC UK Bank plc |
Prerequisites for submission: You MUST ensure that all pre completion queries are resolved prior to submitting the Certificate of Title (CoT) to us, see section 1.11b for Contact Points for queries. WARNING: Any pre completion queries outstanding at time of submission or received after CoT submission, will result in rejection of the CoT. A new CoT will then need to be submitted once all queries are resolved. NOTE: where there is more than one loan on the mortgage offer, only one CoT is required. Submission: You MUST give us a minimum of 6 working days’ notice. The CoT must be submitted in electronic form using the LMS Conveyancer Zone Portal. A CoT submitted via any other method or in any other form will not be accepted. You must specify the completion day in the CoT and also the day on which you would like to receive the mortgage advance (which should either be the working day prior to the completion day or the completion day itself). The following CoT fields will be prefilled by HSBC UK and if any change is required, you must contact us in advance to request the change and should not submit the eCOT until the changes have been made and the information is correct: • Borrowers • Property Address • Transfer Price (this field can be edited by you but you must notify us of any change before submitting the CoT) • Mortgage Advance |
| HSMS | |
| Intelligent Finance | 7 days. |
| ITL Mortgages | At least 4 working days. |
| Kensington Mortgage Company Ltd | A minimum of 5 Business Days' notice is required from receipt of the Certificate of Title to Completion or 8 Business Days if a re-inspection is required. |
| Landmark Mortgages Limited |
4 clear working days notice. |
| Leeds Building Society | Five (5) working days. |
| Lloyds Bank plc |
Our expected requirement is 3 full working days. It is your responsibility to ensure all details on the Certificate of Title are correct (including those relating to your firm) and are accurate before requesting the funds. If you have an urgent completion and cannot give 3 full working days’ notice, we will endeavour to meet your requirements and will send funds by CHAPS as soon as we have verified the Certificate of Title. A CHAPS fee of £20 will be payable and deducted from the mortgage advance. |
| Lloyds TSB Scotland plc | 5 days notice |
| M&S Bank | Six working days. You must specify the date by which you would like to receive the mortgage advance, which should be no more than one (1) working day prior to completion, and also the actual completion date on the Certificate of Title |
| Mortgage Express |
5 days |
| Mortgage Express (No 2) |
5 days |
| National Westminster Bank plc | 7 working days. |
| Nationwide Building Society |
5 working days |
| New Street Mortgages | 5 Working days. |
| NRAM Ltd | 4 clear working days notice. |
| Platform (a trading name of The Co-operative Bank p.l.c.) |
5 working days |
| Rooftop Mortgages Ltd |
7 days |
| Sainsbury's Bank | 5 working days. |
| Santander UK plc | 5 working days wherever possible. |
| Scottish Widows Bank | 7 days. |
| The Mortgage Business |
3 full working days. If you have an urgent completion and cannot give 3 full working days notice we will endeavour to release funds by an alternative method and a charge of £30 will be deducted from the mortgage advance. |
| The Royal Bank of Scotland plc |
7 working days. |
| TSB Bank plc | 5 days notice |
| UCB Home Loans Corporation Ltd |
7 days notice |
| Ulster Bank |
7 working days |
| Virgin Money |
No later than 5pm on the working day before completion. |
| Yorkshire Building Society |
No final inspection - we must receive your Certificate of Title and Request for Advance (the "Certificate") at least six working days before completion. Final inspection required - an extra five working days should be allowed. The advance monies will be sent to your client account (you must provide details in the Certificate) on the last working day prior to the completion date. Occasional delays in transmitting advance monies can occur as a result of a breakdown in the external CHAPS system. No responsibility can be accepted for losses arising from any such delays. |