Mortgage Offer
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Three Weeks Before the Mortgage Offer Expired, a Deed of Variation Threatened the Sale
A homeowner faced a potential collapse of their property deal due to a last-minute demand for a deed of variation related to an estate rentcharge. The buyer’s lender required advance notice for enforcement, but existing provisions may have already met those requirements. Analyzing existing documentation and lender instructions is crucial to determine necessity and resolve…
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New Nationwide’s CHAPS fees
Nationwide Building Society conveyancing panel lawyers should note that the lender has recently updated their CHAPS fee as follows: • For any products reserved on or before 28th November 2023 a CHAPS fee of £20 will be deductible from the loan amount • For any products reserved on the 29th November 2023, no CHAPS fee…