Tag: Nationwide Building Society
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Nationwide Update – Release of Funds
Possibly due to the increasing trend of exchanging and completing simultaneously, Nationwide Building Society have issue the following update to lawyers concerning fund requests: Help us to continue to help you & our members… Due to unprecedented volumes, we are implementing an earlier cut-off for same-day funds requests. From 25/06/20 up to and including 01/07/2020,…
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No Smiles for Conveyancers if Cheshire is Right
Are we about to see a significant dip in house prices in London in the near future? Bloomberg News recently asked seven market commentators to predict what they see happening next in London’s 1.6 trillion-pound housing market. Paul Cheshire, professor of economic geography at The London School of Economics and Political Science: “The turning point…
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Nationwide Building Society Sets Out New Ground Rent,Event Fees and Lease Length Policy
Following it’s announcement earlier this week to make changes to their lending requirements for new build properties the lender has now updated their CML Part 2 instructions. Sections 5.14.1 and 5.14.9 now have the following paragraph added: NEW BUILD PROPERTIES (includes office conversions but does not apply to Shared Ownership) The following are not acceptable:…