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Please, what does this mean?
FreddieFrugal
Posts: 1,752 Forumite
Had text/email on Thursday from Nationwide to say that formal mortgage offer has been issued :j
Just had a check on my online account and had a look at the application where it has a section for tracking the application progress. It says (in chronological order)
EvidenceOfDepositWhereNotFromEquity received and satisfactory 30 Jan 2014
New Document Requested - COT 30 Jan 2014
Mortgage offer issued 30 Jan 2014
What's a COT? Is that something I need to worry about? It did just occur to me as I was asking this that it could mean something like Condition or Confirmation of Transfer. Is this something that the Solicitor needs to sort at a later stage when the funds are ready to send?
Was worried that they wanted even more stuff from me for a second after finally getting the offer. Anyway just thought I'd check. Thanks
Just had a check on my online account and had a look at the application where it has a section for tracking the application progress. It says (in chronological order)
EvidenceOfDepositWhereNotFromEquity received and satisfactory 30 Jan 2014
New Document Requested - COT 30 Jan 2014
Mortgage offer issued 30 Jan 2014
What's a COT? Is that something I need to worry about? It did just occur to me as I was asking this that it could mean something like Condition or Confirmation of Transfer. Is this something that the Solicitor needs to sort at a later stage when the funds are ready to send?
Was worried that they wanted even more stuff from me for a second after finally getting the offer. Anyway just thought I'd check. Thanks
Mortgage remaining: £42,260 of £77,000 (2.59% til 03/18 - 2.09% til 03/23)
Savings target June 18 - £22,281.99 / £25,000
Savings target June 18 - £22,281.99 / £25,000
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YorkshireBoy wrote: »
Ah thanks, had a quick look online but couldn't find it. Guess it is something for solicitor to worry about then based on:
'Important notice to solicitors and conveyancers' <- ThatMortgage remaining: £42,260 of £77,000 (2.59% til 03/18 - 2.09% til 03/23)
Savings target June 18 - £22,281.99 / £25,0000 -
The Certificate Of Title is issued to the solicitor with the mortgage offer. It is the document the solicitor completes and sends to Nationwide to request the mortgage funds in advance of completion.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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