Change Date : 21/03/2016
Association: BSA
Jurisdiction: England and Wales
Index: v.2016 No.129


Policy changes relevant to
West Bromwich Building Society Solicitor Panel

E.12 (a) How is the mortgage advance paid (including any details of any standard deductions)? (b) Does the society require any extra actions to be taken for the customer to accept the Binding Mortgage Offer and waive the reflection period?

Either electronically or by cheque at the request of the conveyancer - in either case, 5 days notice is required.

Standard deductions include £30 if paid electronically; Higher lending charge if appropriate.

(a) Either electronically or by cheque at the request of the conveyancer - in either case, 5 days notice is required.

Standard deductions include £30 if paid electronically; Higher lending charge if appropriate.

(b) No