Change Date : 17/07/2016
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2016 No.335


Policy changes relevant to
Co operative Bank Solicitor Panel

Updated 02/04/2016 17/07/2016
1.11a- Contact point for standard documents. The Co-operative Bank New Lending, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or The Co-operative Bank New Lending DX16351 LEEK The Co-operative Bank New Lending, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or The Co-operative Bank New Lending DX16351 LEEK
Tel No: 08000 288 288
1.11b- Contact point if standard documents are inappropriate. The Co-operative Bank New Lending, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or The Co-operative Bank New Lending DX16351 LEEK The Co-operative Bank New Lending, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or The Co-operative Bank New Lending DX16351 LEEK
Tel: 08000 288 288
6.1.3- If different from 1.11, contact point if borrower is not taking up the mortgage offer: The Co-operative Bank New Lending, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or The Co-operative Bank New Lending DX16351 LEEK. The Co-operative Bank New Lending, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or The Co-operative Bank New Lending DX16351 LEEK.
Tel: 08000 288 288
6.7.1- What new home warranty schemes are acceptable to the lender? NHBC,Premier Guarantee, Building life plans, LABC Hallmark, Build Zone schemes, FMB Latent Defects and Checkmate Castle 10 NHBC, Zurich Municipal, Premier Guarantee, Building Life Plans, LABC New Home Warranty, Hallmark New Home Warranty, Build Zone Structural Warranty, FMB Latent Defects and Checkmate Castle 10.
9.1- Does the lender need to be sent the indemnity insurance policy? [No, include Insurance Company and Policy Number on Certificate of Title.
Borrower to retain policy document.]
[Yes]
Yes.
10.3- What are the standard deductions made from the mortgage advance? Deductions as advised in the Mortgage Offer Document. Deductions (if any) as advised in the Mortgage Offer Document.
10.7- On a delayed completion, when and how is advance to be returned? [To the Co-operative bank Mortgage Unit by CHAPS and within one working day.]
[Please refer to the covering letter sent with the Mortgage Offer Document for specific details]
To the Co-operative Bank Mortgage Unit by CHAPS and within one working day.
10.10- How long can you hold the mortgage advance before returning it? [24 hours.]
[Please refer to the covering letter sent with the Mortgage Offer Document for specific details]
24 hours.
10.11- What, if any interest does the lender charge if return of the advance is delayed? [Daily interest charged at Bank Base Rate + 1.5%]
[Please refer to the covering letter sent with the Mortgage Offer Document for specific details]
Daily interest charged at Bank of England Base Rate.
14.2.1- Where should the title deeds and documents be sent? Deed Store CO57, The Co-operative Bank, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or Deed Store, The Co-operative Bank DX16351 LEEK. Deed Store, The Co-operative Bank, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or Deed Store, The Co-operative Bank DX16351 LEEK.
14.2.2- Which documents must I send after completion? (i) Title Information Document (TID).
(ii) Consent for Mortgage Form (where applicable).
(iii) Certified copy indemnity insurance schedule
(iv) Certified copy Building Standards Indemnity Scheme certificate (togrther with any assignments) and/or Consultant's Certificate.
(i) Title Information Document (TID).
(ii) Consent to Mortgage Form (where applicable).
(iii) Certified copy indemnity insurance schedule
(iv) Certified copy Building Standards Indemnity Scheme certificate (together with any assignments) and/or Consultant's Certificate.
16.1.1- If different from 1.11, contact point for title documents: Existing Mortgage Business, The Co-operative Bank, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or Existing Mortgage Business,The Co-operative Bank DX16351 LEEK. Deed Store, The Co-operative Bank, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or Existing Mortgage Business,The Co-operative Bank DX16351 LEEK.
16.3.7b- What form of attestation clause does the lender use? [TBC- Signed as a deed by _____ (signature)
As the attorney and on behalf of the
Co-operative Bank p.l.c. in the presence of _____ (signature) (name) Bank Official of the Co-operative Bank p.l.c.]
Signed as a Deed by The Co-operative Bank p.l.c. acting by ....................................
Duly authourised by
the Board of Directors