16th
October
West Bromwich Building Society – Notice for COTs
West Bromwich Building Society would like to remind all conveyancing law firms acting on cases to please adhere to the request for 5 working days’ notice for COT’s.
This communication can also be retrieved from The Building Society Association Handbook.
E.12 (a) How is the mortgage advance paid (including any details of any standard deductions)? (b) Does the society require any extra actions to be taken for the customer to accept the Binding Mortgage Offer and waive the reflection period?
(a) Either electronically or by cheque at the request of the conveyancer – in either case, 5 days’ notice is required.
Posted: 16/10/24