Leeds Building Society conveyancing panel should be aware that it is a standard offer requirement that Leeds Building Society receives a copy of the Housing Association consent to their mortgage BEFORE funds are released.
This lender policy requirement is missed by some firms (CQS or otherwise).
Firms need ensure that this is submitted before the eCOT is prepared as funds will not be released until the consent is received and this may result in a delay to completion. CQS accredited firms may wish to update their Dealing with Lender Policy template.
Which Leeds Building Society instructions applied?
The requirement described above was reported in February 2024. When reviewing a particular transaction, establish the instructions and mortgage conditions applying at the relevant time. Our guide to historical Leeds Building Society mortgage requirements explains how to investigate the dated record alongside the consent documents and original file.