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Answers for England and Wales

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Question: 10.2. Will the mortgage advance be paid electronically or by cheque?

Lender Answer
Accord Buy to Let Electronically. Please refer to our CHAPS Payments Service Terms and Conditions included with your mortgage instructions.
Accord Mortgages Ltd Electronically. Please refer to our CHAPS Payments Service Terms and Conditions which are included with your mortgage instructions which apply to all payments of advance monies.
Adam & Company Electronically
Adam & Company International Electronically
Ahli United Bank (UK) plc Electronically
Aldermore Bank PLC Electronically.
Allied Irish Bank (GB), a trading name of AIB Group (UK) Electronically
April Mortgages Electronic
Atom Bank plc Electronically. We do not accept cheques.

Completion funds and any cash back applicable to the mortgage will be sent to your designated client account as a single payment.

Cashback is not to be released to the Customer until the mortgage has completed.

In the event of a delayed completion, both the completion funds and cash back should be returned as per our standard instructions, as a single payment.
Aviva Equity Release UK Ltd Electronically.
Bank of China Electronically.
Bank of Ireland (UK) plc Electronically - a £15 fee is deducted from the advance.
Bank of Ireland as Bank of Ireland Mortgages Electronically - a £30 fee is deducted from the advance.
Bank of Scotland Beginning A The mortgage advance will be paid electronically by CHAPS at no additional fee.
Bank of Scotland Beginning O The mortgage advance will be paid electronically by CHAPS at no additional fee.
Bank of Scotland Private Banking  
Barclays Bank UK PLC Electronically
Barnsley Building Soc, a trading name Yorkshire Building Soc Electronically. Please refer to our CHAPS Payment Service Terms and Conditions below which apply to all payments of advance monies.
Better HomeOwnership (Mortgages) Electronically.
Birmingham Bank Electronically
Birmingham Midshires The mortgage advance will be paid electronically by CHAPS at no additional fee.
Bluestone Mortgages Electronically.
Bradford & Bingley Limited Electronically
Britannia, a trading name of The Co-operative Bank plc Electronically
Buckinghamshire Building Society Electronically by CHAPS transfer
Chelsea Building Society (a trading name of Yorkshire BS) Electronically. Please refer to our CHAPS Payment Service Terms and Conditions enclosed with your Mortgage Instructions which apply to all payments of advance monies.
CHL Mortgages Electronically
Clydesdale Bank plc Electronically.
Co-operative Bank plc Electronically.
Coutts Electronically
Coutts Finance Co Electronically
Coventry Building Society Electronically.
Cynergy Bank Electronically.
Danske Bank Electronically
Darlington Building Society Electronically - It is your responsibility to ensure bank details on our nominated solicitor panel and the Certificate of Title are correct.
DB UK Bank Ltd Electronically, by CHAPS
Dudley Building Society Electronically
Ecology Building Society Electronically
Family Building Soc (a trading name of National Counties BS) Electronically.
First Direct Electronically
Fleet Mortgages Electronically.
Foundation Home Loans Electronically. A CHAPS payment fee of £35.00 will be deducted from the advance.
Furness Building Society Electronically
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Gen H Electronically by CHAPS.
Godiva Mortgages Ltd Electronically
Habito Electronically
Halifax The mortgage advance will be paid electronically by CHAPS at no additional fee.
Halifax Loans Ltd Electronically - Yes, it is our standard procedure to send advance funds by the BACS system.

By cheque only in very urgent cases
Hampden & Co. plc Electronically.
Handelsbanken Electronically.
Harpenden Building Society Electronically by BACs or CHAPs (£15 fee for CHAPs)
Hinckley and Rugby Building Society Normally the advance monies will be sent electronically by BACS unless you specifically request otherwise. (For CHAPS payments a fee of £25 is payable)
Hodge Electronically by CHAPS, unless you specifically request otherwise. You must confirm your bank details in the Certificate of Title.
Hodge Equity Release Electronically by CHAPS, unless you specifically request otherwise. You must confirm your bank details in the Certificate of Title.
Holmesdale Building Society Electronically.
HSBC UK Bank plc Electronically
Intelligent Finance Electronically by BACS
Investec Bank plc Electronically.
ITL Mortgages Electronically
JPMorgan Chase Bank, N.A. Electronically.
Kensington Mortgage Company Ltd Electronically
Yes, funds are released by telegraphic transfer.
Kent Reliance (a trading name of OneSavings Bank plc) Electronically by CHAPS unless advised otherwise
Keystone Property Finance Electronically
Landbay Partners Limited Electronically .
Landmark Mortgages Limited Electronically
Leeds Building Society Electronically by CHAPS. You must confirm your bank details in the Certificate of Title.
Legal & General Home Finance Ltd Electronically (a CHAPS payment fee of £30 is payable)
LendInvest Electronically.
LiveMore Capital Electronically
Lloyds Bank plc pre fixed 20/40 The mortgage advance will be paid electronically by CHAPS at no additional fee.
Lloyds Bank plc pre fixed 50/30/77 Electronically by CHAPS
Lloyds TSB Scotland plc Electronically by CHAPS
M&S Bank Electronically
Magellan Homeloans Electronically by CHAPS and a telegraphic transfer fee of £15 is applied
Manchester Building Society Electronically, unless specifically requested by the borrower.
Market Harborough Building Society Electronically
Masthaven Bank Electronically.
Metro Bank plc Electronically.
ModaMortgages Electronically.
Molo Finance Electronically.
Monmouthshire Building Society Electronically - Yes.
Mortgage Agency Services Either
Mortgage Express Electronically - Important please note that we are only able to release funds on the actual day of completion, you are therefore advised to ensure all matters are settled before the completion date as otherwise we cannot guarantee at what time in the day
Mortgage Express No 2  
MPowered Mortgages Electronically
National Counties Building Society Electronically.
National Westminster Bank plc Electronically - Mortgage Centre - In the event of the borrower making a request to the Lender to add their conveyancers fees to the loan amount, the Lender will transfer these funds, by way of a separate transaction, on the day of completion.
Nationwide Building Society Electronically
Nedbank Private Wealth Ltd The mortgage advance will be paid electronically. The letter gives the number of days notice required and deductions to be made.
New Street Mortgages Electronically
NRAM Ltd Electronically
Paragon Buy to Let Mortgages Electronically
Paragon Residential Owner-Occupied Mortgages Electronically.
Paratus AMC Ltd Electronically. A CHAPS payment fee of £35.00 will be deducted from the advance.
Parity Trust Electronically
Pepper Money Electronically
Pepper Money (PUK) Electronically
Perenna The mortgage advance will usually be paid by Perenna 1 working day before the expected completion date on the Certificate of Title. The funds will be disbursed electronically using FPS (Faster Payment Service). It is expected that funds will reach the recipient bank account immediately but in rare cases this could take 2 – 24 hours.

Where less than 5 working days', notice has been provided funds may, by exception, be sent on the day of completion due to insufficient processing time. The solicitor will be kept informed of this by the Bank.
Platform (a trading name of The Co-operative Bank p.l.c.) Electronically.
Precise Mortgages (Charter Court Financial Services Ltd) Electronically.
Principality Building Society Electronically by CHAPS
Reliance Bank Ltd Electronically
Rooftop Mortgages Ltd Electronically.
Yes by CHAPS to the bank details on the Certificate of Title
Saffron Building Society Electronically by CHAPS transfer
Sainsbury's Bank The mortgage advance will be paid by CHAPS transfer.
Santander UK plc Electronically.
Scottish Building Society Electronically
Scottish Widows Bank Electronically
The advance will be sent by CHAPS.
Secure Trust Bank PLC Electronically.
Skipton Building Society By CHAPS.
St James Place Bank Eelectronically.
State Bank of India UK Electronically.
Swansea Building Society Electronically
The Mortgage Business Electronically - it is our standard procedure to send advance funds by the BACS system free of charge.
The Mortgage Lender Limited Electronically.
The Mortgage Works Electronically
The Royal Bank of Scotland plc Electronically.

Mortgage Centre - In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion.
The Royal Bank of Scotland plc Direct Line Mortgages Electronically.
The Royal Bank of Scotland plc Direct Line One Electronically.
The Royal Bank of Scotland plc First Active Electronically.
The Royal Bank of Scotland plc Natwest one Account Electronically.
The Royal Bank of Scotland plc One Account Electronically.
The Royal Bank of Scotland plc Virgin One Electronically.
The Tipton & Coseley Building Society Electronically.
Together Personal Finance Limited Paid electronically.
Topaz Finance Ltd Both.
TSB Bank plc Electronically by CHAPS. Please note that for remortgage advances TSB will group payments together and release as one advance (at 9am, 11am, 2pm & 4pm), regardless of the number of clients a firm may be acting for on a single day. If you require a breakdown of the funds released, please contact us at tsbcompletions@tsb.co.uk
Ulster Bank Electronically.
Yes. In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion.
Vida Homeloans Electronically.
Virgin Money Electronically by CHAPS.
Whistletree (a trading name of TSB Bank plc) Electronically
Yorkshire Bank Home Loans Ltd Electronically.
Yorkshire Building Society Electronically. Please refer to our CHAPS Payments Service Terms and Conditions enclosed with your Mortgage Instructions which apply to all payments of advance monies.
Zephyr Homeloans Zephyr advances will be paid electronically only.