Completion Issues

To avoid any delays at completion, we would like to remind all panel firms that each lender requires adherence to instructions on the submission of an acceptable Certificate on Title (CoT).

Recent feedback indicates the main reasons for delayed release/CoT rejection are due to the following;
• Failure to request for funds with the appropriate lead time
• Certificates on Title submitted incomplete
• Certificates on Title being submitted without the appropriate signature

Where possible the lender requires time to process the document, arrange for funds release etc. Whilst there will be occasions when funds may be required ‘urgently’, this should be on an exception basis.

Please refer to the relevant section of the UK Finance/CML/BSA Hand book for specific lender instructions. Continued non-adherence will be monitored and may result in the lenders decision to remove a firm from panel.