Hi Nakatos, Entering in funds required to settle 5 -days prior to settlement date is unrealistic and shouldn't be relied upon by banks as sometimes, the day before or day of settlement, funds required change. In these circumstances, the bank should be able to adapt. We were never required to advise banks of funds required to settle 5 days prior to completion when it was paper. If clients are returning documents to the lender late, more needs to be done by the lender to ensure the clients understand the timelines and repercussions for not adhering to such timelines. You have some incredibly valid points and our office will be working on ensuring we assist the banks in anyway that we can, however certain guidelines, requirements and time restrictions (such as noted above) are unrealistic and this is where we are encountering issues between conveyancers and banks.
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