Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Withdrawal of Mortgage Offer - risks with an undetermined completion date
Change Date : 23/04/2025 | Word Count: 132 | Deployment Measure : 7/10
Rationale:
The proposed wording highlights that the lender isn’t legally committed to releasing mortgage funds until they’re formally requested, typically just before completion. In newbuild purchases, the extended time between exchange and completion increases the small risk of the lender changing their stance or withdrawing the offer.