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Notice on drawdown of funds from lender

Hello :beer:

Just been told my my conveyancer that I could "possibly" be exchanging/completing on Friday.

They then said they had today requested drawdown of funds from lender

I read elsewhere that lenders require 5 day notice. Is that right or just relevant to some lenders?

Comments

  • kingstreet
    kingstreet Posts: 39,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    GRBWA wrote: »
    Is that right or just relevant to some lenders?
    Yes. Some lenders can work on 24 hours if needed.
    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.
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