Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Deposit - Released As Agent At Top Of the Chain To Developer
Change Date : 15/07/2019 | Word Count: 71 | Deployment Measure : 7/10
Rationale:
Explanation as to the passing of deposit up the chain ultimately to be released as agent to a developer (but where deposit is protected via NHBC)
The end of the chain above your purchase is a newbuild and the Developer requires that the deposit is held by them as Agent.
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