Subject to individual banks confirming their position, the new extended opening hours could mean that deadlines for customer-to-customer payments will be put back an additional hour and forty minutes to as late as 17:40, and 18:00 for bank-to-bank payments. Individual banks will be able to choose their own cut-off times. They will confirm the details of their service changes to their customers.
The Law Society is not proposing to make any changes to the completion times set out in the Standard Commercial Property Conditions or in the Standard Conditions of Sale as a result of these changes.
Read the full Law Society article here