As we approach the end of June and the end of the first phase of Stamp Duty Holiday for purchases, as well as year-end for many developers, I just wanted to check in and ensure that TRM Network’s advisors, administration teams and solicitors are all aligned with any Kensington completions due this month.

If they have any cases that are yet to reach offer stage with Kensington that are due to complete by 30/6/21, I would strongly advise calling our pre-offer team on 0800 111020 to discuss any outstanding requirements as soon as is possible so that these can be obtained from your customers, and uploaded via our portal for underwriter review. Our current SLA is 3-4 working days once uploaded to the relevant task via the portal.

In addition to this, on all cases, please can I ask that they are liaising with solicitors to ensure COTs (along with satisfaction of conditions) are provided at their earliest convenience, and that sufficient notice is provided for release of funds.

All offers state that we require a MINIMUM of 5 WORKING DAYS notice from receipt of the Certificate of Title, or 10 WORKING DAYS notice if a re-inspection is required (where the original valuation is over 9 months old)

I must stress, that if this notice isn’t provided, we can not guarantee that we will be able to meet the 30/6/21 deadline, as I am sure you can imagine and appreciate that this month is going to be extremely busy for our funding and completions teams.