When a dealing is registered, copies of registered mortgages and updated Record of Titles are automatically sent to subscribed lenders. For example, banks.
This Notice to Mortgagee (NtM) function in New Landonline replaces the need for the acting solicitor to forward post-registration searches to the lender.
To set this up you'll need to enter the Bank client reference in your dealing.
Enter the bank client reference to set up the NtM
You'll see the Notice to Mortgagee field on your Submit Dealing page.
Enter the Bank client reference in the Notice to Mortgagee field. You have a maximum of 100 characters.
The letter of instruction from the lender will tell you what you need to enter.
When the dealing is registered, the lender will be emailed the Notice to Mortgagee.