Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Pre-Completion Credit Check
Change Date : 06/06/2023 | Word Count: 196 | Deployment Measure : 7/10
Rationale:
Firms are increasingly incorporating similar wording to the draft paragraph here when it comes to the mortgage section of the ROT. This wording focuses on lenders carrying out another credit check prior to completion and the potential implications.
Please bear in mind that your Lender will carry out another credit check prior to completion - it varies between lenders but the check can take place at any time;
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