Certificate of Title
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Nationwide Conveyancing Panel: New Contact Number Does Not Change the Reporting Rules
Nationwide has notified panel firms of a change from 0345 730 2011 to 0345 600 3131. The number has changed, but the lender’s written reporting requirements have not.
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COT Assurances to Lenders to be Extended
An important amendment is be made to to clause 10 of the CML Lenders’ Handbook on 1 February 2016. The amendment will insert an additional sentence into clause 10.2 as follows: (additional wording in bold) 10.2 We shall treat the submission by you of the certificate of title as confirmation that the borrower has chosen to proceed with…