Answers for England and Wales

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Question: 5.1.1. If different from 1.11, the contact point if the seller has owned the property for less than 6 months:

Lender Answer
Accord Buy to Let As 1.11a. Please note that sub-sales, back to back transactions, assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable.
Accord Mortgages Ltd As 1.11a
Adam & Company See 1.11
Adam & Company International See 1.11

Ahli United Bank (UK) plc New Business/Underwriting - Residential Mortgage Department
Aldermore Bank PLC As 1.11. Purchase transactions where the property has been sold within the last 6 months are not normally acceptable, unless the property is being purchased from a housebuilder / developer who acquired the property in a part exchange transaction.

Remortgages (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not) within the first 6 months of the original purchase date are not normally acceptable, unless:

- you are able to provide evidence that the customer inherited the property following the death of the previous owner
- the remortgage is to replace bridging finance taken out more than 1 month ago. Please note- maximum loan is the amount required to redeem the existing facility plus any documented improvement cost.
- the remortgage is to replace a cash purchase completed more than 1 month ago. Please note-maximum loan is based on the lower of (i) evidenced purchase price plus any documented improvement costs or (ii) market value

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable.

We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable.
Allied Irish Bank (GB), a trading name of AIB Group (UK) Refer to AIB Group (UK) plc, Central Securities (GB), 92 Anne Street, Belfast, BT1 3H
April Mortgages As per 1.11
Atom Bank plc As 1.11. above.
Aviva Equity Release UK Ltd See 1.11
Bank of China mortgages@bank-of-china.com
Bank of Ireland (UK) plc See 1.11
Bank of Ireland as Bank of Ireland Mortgages See 1.11
Bank of Scotland Beginning A Bank of Scotland Plc, Mortgage Operations, Pentland House, 8 Lochside Avenue, Edinburgh, EH12 9DJ. Tel: 0345 603 1136 Fax: 0131 339 2366

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
Bank of Scotland Beginning O Address and telephone number on the Mortgage Offer.

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
Bank of Scotland Private Banking  
Barclays Bank UK PLC Issuing Office
Barnsley Building Soc, a trading name Yorkshire Building Soc As 1.11a.
Birmingham Bank mortgages@birminghambank.com
Birmingham Midshires Completions Team at office issuing mortgage instructions. See Offer for contact details.
For remortgage applications, the customer must have owned the property for at least 6 months.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
Bluestone Mortgages As per 1.11.
Bradford & Bingley Limited As 1.11a
Britannia, a trading name of The Co-operative Bank plc Britannia New Lending Britannia House Leek Staffordshire Moorlands ST13 5RG or Britannia New Lending DX 16351 Leek. Please note we do not lend on back to back sales, sub-sales or assigned contracts under any circumstances.
Buckinghamshire Building Society Buckinghamshire Building Society, High Street,
Chalfont St Giles, Bucks,
HP8 4QB
e-mail mortgages@bucksbs.co.uk
Tel: 01494 879517
Fax: 01494 877259
Chelsea Building Society (a trading name of Yorkshire BS) As 1.11a.
CHL Mortgages As per 1.11
Clydesdale Bank plc Mortgage Services
PO BOX 3105
Clydebank
Glasgow
G60 9AU
Tel -0800 121 4203
Co-operative Bank plc See 1.11a earlier.

Please note: we do not lend on back-to-back sales, sub-sales (where the seller has owned the property for less than 6 months), assignable contracts or irrevocable powers of attorney in favour of intervening sellers under any circumstances.

We also regard as sub-sale cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).
Coutts See 1.11
Coutts Finance Co See 1.11
Coventry Building Society New Lending Department,
Oakfield House,
PO Box 600, Binley,
Coventry,
CV3 9YR

Please note that the seller (or the applicant in the case of a Buy to Let remortgage) must have been registered as the owner of the property for at least 6 months prior to the application date. In the case of a residential remortgage there is no such requirement.
Cynergy Bank As per 1.11.a
Danske Bank Please refer to the offer and/or instruction letter issued by the Mortgage Completion Team for the relevant contact details.

You must report to us if the vendor has not owned the property for at least 6 months. You must advise us of the following:

•The name and address of the person who sold, or will be selling, the property to the applicant`s vendor;
•The amount paid for the property by the applicant`s vendor;
•Details of any connection between the original and the applicant`s vendor, or between either vendor and the mortgage applicant;
•Details of any work carried out to the property between the two transactions;
•When the two transactions took place or will take place.
Darlington Building Society As 1.11. Purchase transactions where the property has been sold within the last 6 months are not normally acceptable, unless the property is being purchased from a house builder that acquired the property in a part exchange transitions.
Remortgages (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not) within the first 6 months of the original purchase date are not normally acceptable, unless:
-you are able to provide evidence that the customer inherited the property following death of the previous owner
-the remortgage is to replace bridging finance. Remortgages out of bridging finance and/or a cash purchase cannot involve capital raising unless this relates to refurbishment costs.
Sub-sales where the seller has owned the property for less than 6 months, and back to back transactions are NOT acceptable.
We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).
Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar affect.
If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable.
DB UK Bank Ltd db mortgages
PO Box 890
Newport
NP20 9LZ
Tel: 0845 650 6281
DX Address - not available
Dudley Building Society As 1.11a. Please provide us with the following information:
1. The name and address of the person who sold, or will be selling the property to the applicant's vendor.
2. The amount paid for the property by the applicant's vendor.
3. Any connection between the original vendor and the applicant's vendor, or between either the vendor and the mortgage applicant.
4. Details of any work carried out between the two transactions.
5. Reason for remortgage.

Please place the case on hold until you receive further instructions from us.

We will not lend where there is a sub-sale or back to back transaction or one where the contract for sale is to be assigned to a third party.
Ecology Building Society As 1.7
Family Building Soc (a trading name of National Counties BS) Loans Underwriting Department, Ebbisham House, 30 Church Street, Epsom, Surrey KT17 4NL
Email: loansunderwriting@familybsoc.co.uk
First Direct  
Fleet Mortgages See 1.11a

Sub-sales, where the seller has owned the property for less than 6 months, and similar back to back transactions are not acceptable.

We also regard as sub-sales circumstances where the seller (which may include a vehicle controlled in whole or in part by the borrower, or where the borrower is a company or LLP, a director, shareholder or member of the borrower), for example, acquire the freehold title to the property, or any superior interest, which they then immediately (or within 6 months) sell on to the borrower by granting a lease or leases to them.

In addition, remortgages within 6 months of the original purchase are not acceptable unless the borrower is already the registered proprietor of the property.
Foundation Home Loans See 1.11a

For re-mortgage applications the borrower must have owned the property for at least 6 months from the original purchase date. Please note:

- Properties which have been purchased by the borrower with the aid of a bridging loan and the remortgage is to replace this loan; or

- Where the property has been purchased using cash funds and you are able to clearly evidence the origins of those funds to us;

- Where you are able to demonstrate that the borrower inherited the property following the death of the previous owner and provided you confirm this to us in writing ;

the above requirement may not apply. Please check with us before proceeding.

Sub-sales, where the seller has owned the property for less than 6 months and back to back transactions are not acceptable.

We also regard as sub-sales cases where the seller acquires the freehold title (or superior leasehold) to the property, which they then immediately sell onto to the borrower by the grant of a lease to them (or sub-lease). You should also report any other structure to the transaction which has a similar effect. This also includes circumstances where the seller is limited liability company or limited liability partnership where the borrower is a director or shareholder of the limited liability company or a member of the limited liability partnership.


Applications which involve assignable contracts, transferable contracts, novation contracts and the like or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect.
Furness Building Society As 1.11a
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Gen H Please raise a query through Secure Link which is accessed via LMS Conveyancer Zone.
Godiva Mortgages Ltd New Lending Department,
Oakfield House,
PO Box 600, Binley,
Coventry,
CV3 9YR


Please note that the seller (or the applicant in the case of a Buy to Let remortgage) must have been registered as the owner of the property for at least 6 months prior to the application date. In the case of a residential remortgage there is no such requirement.
Habito As per 1.11

Please note that the seller (or the applicant in the case of a remortgage) must have been registered as the owner of the property for at least 6 months prior to the application date.
Halifax Customer Service Centre (see offer for address and fax number)

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
Halifax Loans Ltd Halifax Loans Limited, Trinity Road, Halifax, HX1 2RG
NB We will not normally proceed on cases where the property is already owned by the borrower but for less than 6 months.
Applications which involve assignable contracts are not acceptable.
Hampden & Co. plc See 1.11
Handelsbanken Refer to Branch office instructing you.
Harpenden Building Society As 1.11a
Hinckley and Rugby Building Society Principal Office, Completions Team.
Hodge We will not normally lend where there is a sub-sale, sale and leaseback or a back to back transaction. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase must be referred to the Mortgage Lending Department (please see 1.11a), ensuring that the following details are provided:

• confirmation that the property is currently owned by the seller;
• date on which the seller acquired the property; and
• the purchase price paid by the borrower.

For re-mortgages, we require confirmation that:

• the property is currently owned by the borrower;
• the date on which the borrower acquired the property; and
• the purchase price paid by the borrower.

Applications which involve assignable contracts or irrevocable Powers of Attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect.

Hodge Equity Release We will not normally lend where there is a sub-sale, sale and leaseback or a back to back transaction. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase must be referred to the Mortgage Lending Department (please see 1.11a), ensuring that the following details are provided:

• confirmation that the property is currently owned by the seller;
• date on which the seller acquired the property; and
• the purchase price paid by the borrower.

For re-mortgages, we require confirmation that:

• the property is currently owned by the borrower;
• the date on which the borrower acquired the property; and
• the purchase price paid by the borrower.

Applications which involve assignable contracts or irrevocable Powers of Attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect.
Holmesdale Building Society Lender.
HSBC UK Bank plc  
Intelligent Finance Securities, Intelligent Finance, PO Box 890, Leeds, LS1 9UG

For remortgage applications, the customer must have owned the property for at least 6 months.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
Investec Bank plc See 1.11
ITL Mortgages New Lending Department,
Oakfield House,
PO Box 600, Binley,
Coventry,
CV3 9YR

Please note that the seller (or the applicant in the case of a Buy to Let remortgage) must have been registered as the owner of the property for at least 6 months prior to the application date. In the case of a residential remortgage there is no such requirement.
JPMorgan Chase Bank, N.A. Refer to office issuing Mortgage Instructions.
Kensington Mortgage Company Ltd If owned less than 6 months contact; Kensington Mortgages, New Business Operations Centre, Ascot House, Maidenhead Office Park, Maidenhead, SL6 3QQ. Tel: 03444 990011 Fax: 03444 990022.
Kent Reliance (a trading name of OneSavings Bank plc) Issuing office.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.
Keystone Property Finance As 1.11a
Landbay Partners Limited See 1.11a. Legals@landbay.co.uk.
Landmark Mortgages Limited New Mortgage Completions
Landmark Mortgages
PO Box 656
Durham
DH1 9LY

Tel - 0330 159 7152
Leeds Building Society We will not normally lend where there is a sub-sale, sale and leaseback or a back to back transaction. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase must be referred to the Mortgage Lending Department (please see 1.11a), ensuring that the following details are provided:

• confirmation that the property is currently owned by the seller;
• date on which the seller acquired the property; and
• the purchase price paid by the borrower.

For re-mortgages, we require confirmation that:

• the property is currently owned by the borrower;
• the date on which the borrower acquired the property; and
• the purchase price paid by the borrower.

Applications which involve assignable contracts or irrevocable Powers of Attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect.
Legal & General Home Finance Ltd Where the Property is being purchased, we will not usually proceed where the seller has owned the Property for less 6 months unless it is a purchase from a developer who had part exchanged the Property from a previous owner. For a remortgage the Borrowers must have owned the Property for a period of at least 6 months unless you are able to provide evidence that they have inherited the Property.
LendInvest See 1.11a
LiveMore Capital As 1.11a. You should not submit your Certificate of Title to us until you have received a response from us.
Lloyds Bank plc pre fixed 20/40 Morgage Processing, please see 1.11.

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
Lloyds Bank plc pre fixed 50/30/77 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
Lloyds TSB Scotland plc Mortgage Processing, please see 1.11a.

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
M&S Bank M&S Bank, PO Box 12, Skipton, BD23 2HL. Telephone Number 0345 002 1128 Fax 0345 111 0322
Magellan Homeloans Issuing Office
Manchester Building Society Mortgage Processing Department.
Market Harborough Building Society As per 1.7
Masthaven Bank As per 1.11.
Metro Bank plc As per 1.11.
ModaMortgages Email our Completions Team at completions@modamortgages.co.uk. Please include the Mortgage Reference Number which is on the first page of the Mortgage Offer.

For remortgage buy-to-let lending the property must have been owned for a minimum of 6 months.

Sub-sales, where the seller has owned the property for less than 6 months and back-to-back transactions are not acceptable. We also regard as sub-sales where the seller acquires the freehold (or superior leasehold) title to the property, which they immediately sell on to the borrower by the grant to them of the lease (sub-lease).

Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you must report the details. We shall then consider whether or not it is acceptable.
Molo Finance As 1.11a.
Monmouthshire Building Society Lending Operations Department
Monmouthshire Building Society
Monmouthshire House
John Frost Square
Newport
NP20 1PX

For remortgage applications, the customer must have owned the property for at least 6 months. Sub-sales; where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable.

If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We shall then consider whether or not it is acceptable.
Mortgage Agency Services Mortgage Agency Services PO Box 138 Plymouth Devon PL1 1XY
Mortgage Express As 1.11a
Mortgage Express No 2  
MPowered Mortgages As 1.11a
Please report to us immediately if the owner or registered proprietor has been registered for less than twelve months.
On remortgages, please report if to us immediately if the owner or registered proprietor has been registered for less than six months.
National Counties Building Society Loans Underwriting Department, Ebbisham House, 30 Church Street, Epsom, Surrey KT17 4NL
Email: loansunderwriting@ncbs.co.uk
National Westminster Bank plc When reporting back to us, please provide the following information:

The name and address of the person who sold the property to the current owner/registered proprietor.

The amount the current owner/registered proprietor bought the property for.

Details of any connections between the current owner/registered proprietor and their seller.

Details of any connections between the current owner/registered proprietor and the applicant,

Details of any work carried out between the date that the current owner/registered proprietor bought the property and the current date.

Nationwide Building Society We will not normally lend where there is a sub-sale or back to back transaction and we will not lend where the contract for sale is to be assigned to a third party. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase should be referred to the issuing office, ensuring that the following details are provided:

The name and address of the person who sold, or will be selling, the property to the applicant`s vendor;
The amount paid for the property by the applicant`s vendor;
Details of any connection between the original and the applicant`s vendor, or between either vendor and the mortgage applicant;
Details of any work carried out to the property between the two transactions;
When the two transactions took place or will take place.
Nedbank Private Wealth Ltd Please refer to us
New Street Mortgages New Street Mortgages, PO Box 4761, Maidenhead, SL60 1HW. Tel: 0333-300-3100, Fax: 0333-300-3132, email: enquiries@newstreetmortgages.com
NRAM Ltd See 1.11a
Paragon Buy to Let Mortgages As 1.11a. Your specific attention is drawn to our Supplemental Instructions and Guidance Notes.
Paragon Residential Owner-Occupied Mortgages As 1.11a.
Paratus AMC Ltd New Business Department, Foundation Home Loans, 5 Arlington Square, Downshire Way, Bracknell, RG12 1WA /Email: FHL@foundationhomeloans.co.uk/ Tel: 01344 770 8033

For re-mortgage applications the borrower must have owned the property for at least 6 months from the original purchase date. Please note:

- Buy to Let Properties which have been purchased by the borrower with the aid of a bridging loan and the remortgage is to replace this loan; or
- Where you are able to demonstrate that the borrower inherited the property following the death of the previous owner and provided you confirm this to us in writing ;

the above requirement may not apply. Please check with us before proceeding.

Sub-sales, where the seller has owned the property for less than 6 months and back to back transactions are not acceptable.

Applications which involve assignable contracts, transferable contracts, novation contracts and the like or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect.
Parity Trust As 1.7
Pepper Money As is for 1.11
Pepper Money (PUK) As is for 1.11
Perenna In every occurrence, please contact our Mortgage team by either telephone: 0330 341 2013 or Email: conveyancing@perenna.co.uk
Platform (a trading name of The Co-operative Bank p.l.c.) Refer to office issuing Mortgage Instructions.Please note we do not lend on back to back sales, sub-sales or assigned contracts under any circumstances.
Precise Mortgages (Charter Court Financial Services Ltd) Completions Team at the address stated on the mortgage offer/instructions.

For Residential remortgage applications, the customer must have owned the property for at least 12 months.This is reduced to 6 months for Buy-to-Let applications. The exception to these rules is where the application is to exit a Precise Mortgages Bridging loan, whereby the application can proceed at any time following advance of the Bridging loan.

Sub-sales, where the seller has owned the property for less than 6 months and back to back transactions are not acceptable. We also regard as sub-sales where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (sub-lease).

Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you must report the details. We shall then consider whether or not it is acceptable.
Principality Building Society Please provide us with the following information: i) the name and address of the person who sold or will be selling the property to the applicant?s seller; ii)the amount paid for the property by the applicant?s seller; iii) details of any connection between the original seller and the applicant?s seller, or between either seller and the mortgage applicant; iv) details of any work carried out to the property between the 2 transactions; v) when the 2 transactions took place or will take place and vi) an explanation as to why the seller is selling within the 6 month period specified in section 5 of the handbook. You must not proceed with your instruction until you receive written confirmation from us that you may do so.
Reliance Bank Ltd mortgages@reliancebankltd.com or
0207 398 5422 - Option 1 Discuss New Lending/Option 2 Discuss existing Reliance Bank Mortgage
Rooftop Mortgages Ltd The address and contact details shown on the mortgage offer.
Saffron Building Society The applicant(s) must have been the registered owner(s) of the property for a minimum of six months; we may waive this if the property has been inherited and there is evidence of legal transfer of ownership to the applicant post probate or there is another reasonable explanation (e.g. purchase/gift of building plot, Developer Part Exchange etc.).
Please refer all cases to us at:
Mortgage Processing Team
Saffron Building Society, Saffron House, 1A. Market Street, Saffron Walden, Essex. CB10 1HX

Mortgage.processing@saffronbs.co.uk
Telephone 01799 582966
Fax 01799 581901
Sainsbury's Bank Contact point as detailed in 1.11a. In such cases, please provide us with the name and address of the previous owner; the price paid to the previous owner by the previous vendor; and details of any connection between the previous owner, the vendor and/or the borrower. You should not submit your Certificate of Title until such time as we have confirmed we are happy to proceed.
Santander UK plc Refer to Mortgage Operations office instructing you.
Scottish Building Society  
Scottish Widows Bank Customer Service Centre (see offer for address and fax number)

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
Secure Trust Bank PLC As 1.11. Purchase transactions where the property has been sold within the last 6 months are not normally acceptable, unless the property is being purchased from a housebuilder that acquired the property in a part exchange transaction.

Re-mortgages (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not) within the first 6 months of the original purchase date are not normally acceptable, unless:

- you are able to provide evidence that the customer inherited the property following the death of the previous owner
- the re-mortgage is to replace bridging finance. Re-mortgages out of bridging finance provided by a lender other than the Bank cannot involve capital raising.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable.

We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable.
Skipton Building Society (i) Completions Team via LMS Secure Link
(ii) Commercial Servicing Team
St James Place Bank Mortgage Administration, St James's Place Bank, Administration Centre, PO Box 1869, Livingston EH54 7XS
For remortgage applications, the customer must have owned the property for at least 6 months.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We shall then consider whether or not it is acceptable.
State Bank of India UK As 1.11a.

This type of transaction will usually be unacceptable to the Bank. There are few circumstances where this type of transaction may be acceptable and these will require the disclosure/compliance with a number of items.

Please refer to us for guidance.
Swansea Building Society 11/12 Cradock Street
Swansea
SA1 3EW
01792 739100
The Mortgage Business The Mortgage Business, PO Box 548, Leeds, LS1 1WU
Fax No.0845 6039009

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they immediately sell on to the borrower by the grant to them of a a lease (or sub-lease).

Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address.
The Mortgage Lender Limited completions@themortgagelender.com

Tel: 0344 257 0426

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).

Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.

If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable.
The Mortgage Works We will not normally lend where there is a sub-sale or back to back transaction or one where the contract for sale is to be assigned to a third party. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase should be referred to the issuing office, ensuring that the following details are provided:

The name and address of the person who sold, or will be selling the property to the applicant`s vendor;
The amount paid for the property by the applicant`s vendor;
Details of any connection between the original vendor and the applicant`s vendor, or between either vendor and the mortgage applicant;
Details of any work carried out to the property between the two transactions;
When the two transactions took place or will take place.

The Royal Bank of Scotland plc When reporting back to us, please provide the following information:

The name and address of the person who sold the property to the current owner/registered proprietor.

The amount the current owner/registered proprietor bought the property for.

Details of any connections between the current owner/registered proprietor and their seller.

Details of any connections between the current owner/registered proprietor and the applicant,

Details of any work carried out between the date that the current owner/registered proprietor bought the property and the current date.

The Royal Bank of Scotland plc Direct Line Mortgages When reporting back to us, please provide the following information:

The name and address of the person who sold the property to the current owner/registered proprietor.

The amount the current owner/registered proprietor bought the property for.

Details of any connections between the current owner/registered proprietor and their seller.

Details of any connections between the current owner/registered proprietor and the applicant,

Details of any work carried out between the date that the current owner/registered proprietor bought the property and the current date.

The Royal Bank of Scotland plc Direct Line One As detailed above in 1.11a.
The Royal Bank of Scotland plc First Active When reporting back to us, please provide the following information:

The name and address of the person who sold the property to the current owner/registered proprietor.

The amount the current owner/registered proprietor bought the property for.

Details of any connections between the current owner/registered proprietor and their seller.

Details of any connections between the current owner/registered proprietor and the applicant,

Details of any work carried out between the date that the current owner/registered proprietor bought the property and the current date.

The Royal Bank of Scotland plc Natwest one Account When reporting back to us, please provide the following information:

The name and address of the person who sold the property to the current owner/registered proprietor.

The amount the current owner/registered proprietor bought the property for.

Details of any connections between the current owner/registered proprietor and their seller.

Details of any connections between the current owner/registered proprietor and the applicant,

Details of any work carried out between the date that the current owner/registered proprietor bought the property and the current date.

The Royal Bank of Scotland plc One Account When reporting back to us, please provide the following information:

The name and address of the person who sold the property to the current owner/registered proprietor.

The amount the current owner/registered proprietor bought the property for.

Details of any connections between the current owner/registered proprietor and their seller.

Details of any connections between the current owner/registered proprietor and the applicant,

Details of any work carried out between the date that the current owner/registered proprietor bought the property and the current date.

The Royal Bank of Scotland plc Virgin One When reporting back to us, please provide the following information:

The name and address of the person who sold the property to the current owner/registered proprietor.

The amount the current owner/registered proprietor bought the property for.

Details of any connections between the current owner/registered proprietor and their seller.

Details of any connections between the current owner/registered proprietor and the applicant,

Details of any work carried out between the date that the current owner/registered proprietor bought the property and the current date.

The Tipton & Coseley Building Society Mortgage Department.
Together Personal Finance Limited Contact point as detailed in 1.11a above.
Topaz Finance Ltd Topaz Finance Limited
Gateway House, Gargrave Road,
Skipton,
North Yorkshire,
BD23 2HL
0345 389 1672
TSB Bank plc Mortgage Processing, please see 1.11a.

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).
Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.
If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable.
Ulster Bank As detailed above in 1.11a.
Vida Homeloans As 1.11a. Purchase transactions where the property has been sold within the last 6 months are not normally acceptable, unless:

- £for£ bridging finance (plus legitimate fees and interest charged by the lender)
- Inherited property following the death of the proprietor, forms part of the estate for inheritance with satisfactory documentation obtained.
- New-Build property being purchased from a housebuilder that acquired the property in a part-exchange transaction.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable.

Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.
Virgin Money Mortgage Processing
Operations
Virgin Money
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL

or DX 60350 Gosforth

Solicitors Helpline: 0845 604 4858
Whistletree (a trading name of TSB Bank plc) Please see 1.11a.

For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply.

Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease).
Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect.
If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable.
Yorkshire Bank Home Loans Ltd Mortgage Services
PO BOX 3105
Clydebank
Glasgow
G60 9AU
Tel - 0800 121 4203
Yorkshire Building Society As 1.11a.
Zephyr Homeloans As per 1.11