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Question: 5.14.12. Does the lender require a clear ground rent/service charge receipt to be sent to you?
| Lender | Answer |
|---|---|
| Accord Buy to Let | No, but you must retain a copy on your file |
| Accord Mortgages Ltd | No |
| Adam & Company |
Yes, after completion and see also our 'Separate Instructions' |
| Adam & Company International |
Yes. Please send us a clear receipt for all payments due under the lease after completion. |
| Ahli United Bank (UK) plc | Yes |
| Aldermore Bank PLC | No - borrowers to retain. |
| Allied Irish Bank (GB), a trading name of AIB Group (UK) | To be obtained, but may be forwarded to the Borrower. |
| April Mortgages | No |
| Atom Bank plc | No, as long as you retain a copy on your file. |
| Aviva Equity Release UK Ltd | No. |
| Bank of China | No, but the solicitor must obtain written confirmation all is up to date before completion. |
| Bank of Ireland (UK) plc | No. However, please ensure you obtain one on or before completion. |
| Bank of Ireland as Bank of Ireland Mortgages | No. However, please ensure you obtain one on or before completion. |
| Bank of Scotland Beginning A |
No, please forward to the borrower |
| Bank of Scotland Beginning O |
No, please forward to the borrower |
| Bank of Scotland Private Banking | |
| Barclays Bank UK PLC | No |
| Barnsley Building Soc, a trading name Yorkshire Building Soc | No. |
| Better HomeOwnership (Mortgages) |
No, but the solicitor must obtain written confirmation all is up to date before completion. |
| Birmingham Bank | Yes |
| Birmingham Midshires |
No, please forward to the borrower. |
| Bluestone Mortgages | No, but please keep a copy with your file. |
| Bradford & Bingley Limited | No |
| Britannia, a trading name of The Co-operative Bank plc | No |
| Buckinghamshire Building Society | No |
| Chelsea Building Society (a trading name of Yorkshire BS) | No. |
| CHL Mortgages | No, but the solicitor must have satisfied themselves that there have been no ground rent or service charge arrears and that there are no outstanding ground rent or service charges. |
| Clydesdale Bank plc | No. |
| Co-operative Bank plc | No. |
| Coutts | Yes. Please send us a clear receipt for all payments due under the lease after completion. |
| Coutts Finance Co | Yes. Please send us a clear receipt for all payments due under the lease after completion. |
| Coventry Building Society | No |
| Cynergy Bank | Yes. |
| Danske Bank |
Yes, please place with the title deeds and return to: Danske Bank Mortgage Customer Support Team Personal Collateral Team Killeaton House 41 Mosside Road, Dunmurry Belfast, BT17 9HH DX 2015 NR BELFAST 2 |
| Darlington Building Society | No, borrowers to retain |
| DB UK Bank Ltd | NO |
| Dudley Building Society | No. |
| Ecology Building Society | Yes |
| Family Building Soc (a trading name of National Counties BS) | No. |
| First Direct |
No, we do not require a clear ground rent or service charge receipt to be sent to us. Where the final service charge accounts have not been issued for the applicable year, and therefore, an estimated service charge is in use, if deemed appropriate by the conveyancer and agreed by the customer(s), the bank has no objection to the use of a retention held by the customer(s) conveyancer, such retention must be time limited to no more than 30 days after the issuance of the final service charge accounts. |
| Fleet Mortgages |
No. However, we expect you to have satisfied yourself that there is no outstanding ground rent or service charges. |
| Foundation Home Loans | No but you should satisfy yourself that there are no outstanding Ground Rent or service charges as at the date of completion. |
| Furness Building Society | No |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Gen H | No. |
| Godiva Mortgages Ltd | No. |
| Habito | No |
| Halifax |
No, please forward to the borrower. |
| Halifax Loans Ltd |
No, please forward to the borrower |
| Hampden & Co. plc | Please retain with title deeds. |
| Handelsbanken | Yes. |
| Harpenden Building Society |
No |
| Hinckley and Rugby Building Society | No |
| Hodge | No, these should be retained by the borrower. Please also keep a copy on your file. |
| Hodge Equity Release | No, these should be retained by the borrower. Please also keep a copy on your file. |
| Holmesdale Building Society | yes, after completion. |
| HSBC UK Bank plc |
No, we do not require a clear ground rent or service charge receipt to be sent to us. Where the final service charge accounts have not been issued for the applicable year, and therefore, an estimated service charge is in use, if deemed appropriate by the conveyancer and agreed by the customer(s), the bank has no objection to the use of a retention held by the customer(s) conveyancer, such retention must be time limited to no more than 30 days after the issuance of the final service charge accounts. |
| Intelligent Finance |
No, please forward to the borrower. |
| Investec Bank plc | No, but you should retain a copy in the file of original deal documents that you hold for the Bank. |
| ITL Mortgages | No |
| JPMorgan Chase Bank, N.A. | Yes, placed with deeds. |
| Kensington Mortgage Company Ltd | Yes. A copy is acceptable. To be forwarded to : Deeds Administration, Kensington Mortgage Company Ltd, PO Box 4760, Maidenhead, SL60 1HU following completion. |
| Kent Reliance (a trading name of OneSavings Bank plc) | No but you must ensure ground rent and service charges are paid up to date at completion |
| Keystone Property Finance | No. However we expect you to have satisfied yourself that there is no outstanding ground rent or service charges |
| Landbay Partners Limited | Yes. |
| Landmark Mortgages Limited | Yes, after completion with the Title Deeds. |
| Leeds Building Society | No, but please retain a copy on your file. |
| Legal & General Home Finance Ltd | Yes, after completion. |
| LendInvest | No, but you should satisfy yourself that there are no outstanding Ground Rent or service charges as at the date of completion. |
| LiveMore Capital | For Purchase transactions you should retain a copy on file |
| Lloyds Bank plc pre fixed 20/40 | No. |
| Lloyds Bank plc pre fixed 50/30/77 |
No |
| Lloyds TSB Scotland plc | No |
| M&S Bank | no |
| Magellan Homeloans | We expect you to have satisfied yourself that there is no outstanding ground rent or service charges prior to completion. Copy of receipts to be forwarded following the completion of the transaction. |
| Manchester Building Society | No. |
| Market Harborough Building Society | Yes |
| Masthaven Bank | No, but please keep a copy with your file. |
| Metro Bank plc | No. |
| ModaMortgages |
No, but you must ensure that ground rent and service charges are paid up to date at completion. |
| Molo Finance | No. Please retain a copy on your file. |
| Monmouthshire Building Society | No, please send to the borrowers for safe keeping. |
| Mortgage Agency Services |
Yes with original mortgage deed, associated documents and papers |
| Mortgage Express | No |
| Mortgage Express No 2 | |
| MPowered Mortgages | No. However we expect you to have satisfied yourself that there is no outstanding ground rent or service charges. |
| National Counties Building Society | No. |
| National Westminster Bank plc |
No. Offset Flexible Mortgage - Yes, after completion. |
| Nationwide Building Society |
No - borrower(s) to retain |
| Nedbank Private Wealth Ltd | You need not send us the clear receipts. |
| New Street Mortgages |
No, you should satisfy yourself as our representative that the ground rent/service charge account is clear. |
| NRAM Ltd | Yes, after completion with the Title deeds. |
| Paragon Buy to Let Mortgages |
Yes, please place with deeds. Please see our Supplemental Instructions and Guidance Notes. |
| Paragon Residential Owner-Occupied Mortgages | Yes, please place with the deeds. |
| Paratus AMC Ltd | No but you should satisfy yourself that there are no outstanding Ground Rent or service charges as at the date of completion. |
| Parity Trust | Yes |
| Pepper Money | Yes, please send to Pepper Money, Servicing Department Harman House, 1 George Street, Uxbridge, Middlesex, UB8 1QQ |
| Pepper Money (PUK) | Yes, please send to Pepper Money, Servicing Department Harman House, 1 George Street, Uxbridge, Middlesex, UB8 1QQ |
| Perenna |
No, however please note our guidance over tenure and refer to Perenna if these policy rules are to be breached by contacting our Mortgage team by either telephone: 0330 341 2013 or Email: conveyancing@perenna.co.uk. Leasehold - Leasehold property is acceptable, subject to certain criteria: o Lease must be a minimum of 85 years remaining at the outset of the mortgage. o Ground rent is to be no more than 0.5% of the property value. o Ground rent escalation interval is 10 years or greater. o Ground rent escalation is in line with Retail Price Index (RPI). We can accept a lease extension or purchase of freehold prior to or on simultaneous completion, the lease extension must meet our policy requirements on completion Estate Rent Charges - Refer to Perenna (Valuer will consider any impact on valuation figure and marketability): - Estate Rent Charges greater than £500 p/a must be referred (please provide details of what the charges cover). |
| Platform (a trading name of The Co-operative Bank p.l.c.) | Yes, placed with deeds. |
| Precise Mortgages (Charter Court Financial Services Ltd) | No but you must ensure ground rent and service charges are paid up to date at completion. |
| Principality Building Society | No, please pass to the borrowers for safe keeping |
| Reliance Bank Ltd | Yes |
| Rooftop Mortgages Ltd | Yes. Please place with the title deeds. |
| Saffron Building Society | No - borrower to retain |
| Sainsbury's Bank |
No, these should be retained by the borrower. Please also keep a copy on your file. Please also see 5.14.1 |
| Santander UK plc | No. |
| Scottish Building Society | No, but please retain a copy on your file. |
| Scottish Widows Bank | No. |
| Secure Trust Bank PLC | No, borrowers to retain. |
| Skipton Building Society | No, as long as you retain it on your file. |
| St James Place Bank | No, please forward to the borrower. |
| State Bank of India UK | Yes ? please place with the Title Deeds. |
| Swansea Building Society | Yes |
| The Mortgage Business |
No, please forward to the borrower. |
| The Mortgage Lender Limited | No. However, we expect you to have satisfied yourself that there is no outstanding ground rent or service charges. |
| The Mortgage Works | No, borrower is to retain |
| The Royal Bank of Scotland plc |
No. Offset Flexible Mortgage - Yes, after completion. |
| The Royal Bank of Scotland plc Direct Line Mortgages | Yes, after completion. |
| The Royal Bank of Scotland plc Direct Line One | Yes, after completion. |
| The Royal Bank of Scotland plc First Active |
If our letter of instruction to you is issued before 22 June 2009 - Yes, after completion. If our letter of instruction to you is issued on or after 22 June 2009 - No. |
| The Royal Bank of Scotland plc Natwest one Account | No, however, required after completion for cases instructed prior to 5/12/2011. |
| The Royal Bank of Scotland plc One Account |
No, however, required after completion for cases instructed prior to 5/12/2011. |
| The Royal Bank of Scotland plc Virgin One |
No, however, required after completion for cases instructed prior to 5/12/2011. |
| The Tipton & Coseley Building Society | No. |
| Together Personal Finance Limited | No. |
| Topaz Finance Ltd | No but please keep a copy with your file. |
| TSB Bank plc | No |
| Ulster Bank | Yes, after completion. |
| Vida Homeloans |
Yes, copy provided after completion to: Mortgage Services, Vida Homeloans, Gateway House, Gargrave Road, Skipton, North Yorkshire, BD23 2HL |
| Virgin Money | No. |
| Whistletree (a trading name of TSB Bank plc) | Yes, after completion with the Title Deeds |
| Yorkshire Bank Home Loans Ltd | No. |
| Yorkshire Building Society | No. |
| Zephyr Homeloans | No but please keep a copy with your file. |