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certificate of title
hells_bells
Posts: 88 Forumite
Hi there,
My mortgage is with Barclays and we exchanged on Friday on a leasehold property and due to complete this Friday. It says on the Barclays track it system that they have received the certificate of title and are undertaking further checks and if they need anything they will contact our solicitors. This is making me panic slightly. What does this mean? It says the funds haven't been requested yet for exchange?
My mortgage is with Barclays and we exchanged on Friday on a leasehold property and due to complete this Friday. It says on the Barclays track it system that they have received the certificate of title and are undertaking further checks and if they need anything they will contact our solicitors. This is making me panic slightly. What does this mean? It says the funds haven't been requested yet for exchange?
0
Comments
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The COT is the request for funds.
It sets out the completion date and the date the funds are required for.
Barclays track it isn't the most reliable system. They often forget to update it.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 -
Thank you King Street that's really helpful.0
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