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Mortgage funds

herewego123
herewego123 Posts: 46 Forumite
10 Posts First Anniversary
in Mortgages & endowments
Quite simply. How do solicitors notify lenders when they are ready for funds? What documentation do they send and isit as simple as saying, 
" we are ready to receive Joe blogs finds on such a date" 

Trying to get an understanding for how and what the solicitor does between exchange and completion 

Thanks

Comments

  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    they send over a deed 
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • user1977
    user1977 Posts: 19,221 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    chanz4 said:
    they send over a deed 
    Not a "deed" really, it's just a form saying effectively "we've done our bit, please give us the money for this date".
  • JMA74
    JMA74 Posts: 264 Forumite
    100 Posts First Anniversary Name Dropper
    Certificate of Title is sent and funds are requested for a certain date. 


    I am a Mortgage Adviser 
    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.
  • herewego123
    herewego123 Posts: 46 Forumite
    10 Posts First Anniversary
    Is that the TR1 form I completed ?

  • user1977
    user1977 Posts: 19,221 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    herewego123 said:
    Is that the TR1 form I completed ?

    No it isn’t.
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